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Kennametal (NYSE: KMT) grants VP 26,732 performance stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kennametal Inc vice president Michelle R. Keating reported four grants on July 27, 2026, acquiring an aggregate 26,732 performance stock units tied to adjusted ROIC and adjusted EBITDA margin metrics at 200.0 percent payout multiples. Vesting and distribution of these shares remain subject to her continued employment through dates ranging from August 15, 2025 to August 15, 2028.

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Insider Keating Michelle R
Role Vice President
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 5,552 $0.00 $0.00
Grant/Award Common Stock F3, F2 8,328 $0.00 $0.00
Grant/Award Common Stock F4, F2 6,858 $0.00 $0.00
Grant/Award Common Stock F5, F2 5,994 $0.00 $0.00
Holdings After Transaction: Common Stock — 49,050.3 shares (Direct)
Footnotes (5)
  1. F1. Represents 5,552 performance stock units deemed to have been earned by Compensation and Human Capital Committee, the Committee, on July 27, 2026, with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2023, the 2023 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2026
  2. F2. Includes 78.85 shares held in the Kennametal Inc. 401(k) Plan
  3. F3. Represents 8,328 performance stock units deemed to have been earned by the Committee on July 27,2026, with respect to the tranche of the 2023 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27,2026, the Committee approved adjusted EBITDA margin payout at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2025
  4. F4. Represents 6,858 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the second tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2024, the 2024 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout at 200.0 percent for such tranche of the 2024 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2027
  5. F5. Represents 5,994 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2025, the 2025 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for the first tranche of the 2025 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2028
Performance stock units earned (2023 ROIC tranche) 5,552 shares Deemed earned July 27, 2026 at 200.0 percent payout multiple under Kennametal Inc. 2020 Stock and Incentive Plan
Performance stock units earned (2023 EBITDA margin tranche) 8,328 shares Deemed earned July 27, 2026 at 200.0 percent payout under Kennametal Inc. 2020 Stock and Incentive Plan
Performance stock units earned (2024 ROIC second tranche) 6,858 shares Deemed earned July 27, 2026 at 200.0 percent payout under Kennametal Inc. 2024 Stock and Incentive Plan
Performance stock units earned (2025 ROIC first tranche) 5,994 shares Deemed earned July 27, 2026 at 200.0 percent payout multiple under Kennametal Inc. 2024 Stock and Incentive Plan
Payout multiple for relevant tranches 200.0 percent Approved by Compensation and Human Capital Committee for each referenced performance tranche
Shares held in 401(k) Plan 78.85 shares Included within Michelle R. Keating’s holdings in the Kennametal Inc. 401(k) Plan
performance stock units financial
"Represents 5,552 performance stock units deemed to have been earned"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
adjusted ROIC financial
"relating to adjusted ROIC granted to the reporting person"
Adjusted ROIC measures how effectively a company turns the money it has invested in its business into profit, but after removing one-time items and accounting tweaks so the result shows the recurring operating performance. Think of it like checking a car’s fuel efficiency after unloading temporary extra weight: it gives investors a clearer view of the business’s true efficiency and helps compare companies or track whether management is improving returns on the capital used to run and grow the business.
adjusted EBITDA margin financial
"relating to adjusted EBITDA margin, under the Kennametal Inc. 2020"
Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.
payout multiple financial
"approved adjusted ROIC payout multiple at 200.0 percent for such tranche"
401(k) Plan financial
"Includes 78.85 shares held in the Kennametal Inc. 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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FAQ

What insider transaction involving Kennametal (KMT) vice president Michelle R. Keating was reported?
Kennametal (KMT) reported that vice president Michelle R. Keating was credited with 26,732 performance stock units on July 27, 2026. These units come from tranches of 2023–2025 performance awards under the company’s 2020 and 2024 Stock and Incentive Plans.

What performance metrics drove Michelle R. Keating’s 26,732 performance stock units at Kennametal (KMT)?
The earned performance stock units are tied to adjusted ROIC and adjusted EBITDA margin metrics. The Compensation and Human Capital Committee approved 200.0 percent payout multiples for these tranches of the 2023, 2024 and 2025 Performance Unit Awards.

Are Michelle R. Keating’s new performance stock units at Kennametal (KMT) fully vested?
No. Although the units were deemed earned, vesting and actual distribution remain subject to her continued employment with Kennametal through specific dates from August 15, 2025 to August 15, 2028, depending on the particular performance award tranche.

Which incentive plans govern Michelle R. Keating’s performance awards at Kennametal (KMT)?
The awards are granted under the Kennametal Inc. 2020 Stock and Incentive Plan and the Kennametal Inc. 2024 Stock and Incentive Plan. Different tranches of the 2023, 2024 and 2025 Performance Unit Awards are covered by these respective plans.

Does Michelle R. Keating hold Kennametal (KMT) shares in a retirement plan?
Yes. The disclosure notes that her holdings include 78.85 shares held in the Kennametal Inc. 401(k) Plan. The total number of shares she owns directly after these transactions is not specified in the reported data.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Keating Michelle R
(Last)(First)(Middle)
525 WILLIAM PENN PLACE
33RD FLOOR
(Street)
PITTSBURGH PENNSYLVANIA 15219
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC [ KMT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/27/2026A5,552(1)A$027,870.3(2)D
Common Stock07/27/2026A8,328(3)A$036,198.3(2)D
Common Stock07/27/2026A6,858(4)A$043,056.3(2)D
Common Stock07/27/2026A5,994(5)A$049,050.3(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 5,552 performance stock units deemed to have been earned by Compensation and Human Capital Committee, the Committee, on July 27, 2026, with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2023, the 2023 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2026
2. Includes 78.85 shares held in the Kennametal Inc. 401(k) Plan
3. Represents 8,328 performance stock units deemed to have been earned by the Committee on July 27,2026, with respect to the tranche of the 2023 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27,2026, the Committee approved adjusted EBITDA margin payout at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2025
4. Represents 6,858 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the second tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2024, the 2024 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout at 200.0 percent for such tranche of the 2024 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2027
5. Represents 5,994 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2025, the 2025 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for the first tranche of the 2025 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2028
Michelle R. Keating07/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR