Kennametal SEC Filings

Kennametal Inc. reported roughly flat sales of $2.0 billion for Fiscal 2025 versus Fiscal 2024 while net income attributable to the company declined to $93.1 million from $109.3 million a year earlier. EBITDA for Fiscal 2025 was $285 million (14.5% margin) and Adjusted EBITDA was $299 million (15.2% margin), both modestly below Fiscal 2024. Return on Invested Capital fell to 6.2% (Adjusted ROIC 6.8%) from 7.0% (Adjusted 7.6%). Primary working capital increased to $638 million and PWCPS remained near 32%. The proxy discloses governance practices including a declassified board, separate CEO and chairman roles, strong stock ownership guidelines, prohibitions on hedging/pledging, annual committee evaluations, and equity program design with PSUs and RSUs linked to Adjusted ROIC and Average Adjusted EBITDA Margin.

Kennametal (KMT) insider C. David Bersaglini, a Vice President, reported changes in beneficial ownership on Form 4. On 08/29/2025 the filing shows an acquisition of 3,350 restricted stock units (reported in Table II) that convert 1-for-1 into common shares and are disbursed in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment. The same date shows 3,350 common shares acquired (Table I, code M) and 1,688 common shares disposed (Table I, code F) at a price of $21.43 per share. After these transactions the reporter beneficially owned 6,067 common shares per Table I and 6,700 shares underlying RSUs per Table II. The form is signed by an attorney-in-fact on behalf of the reporting person.

Shelley J. Bausch, a director of Kennametal Inc. (KMT), acquired 991.138 stock credits on 08/26/2025 at a reported price of $21.44 per share. The stock credits convert 1-for-1 into common stock if there is a change of control or upon the reporting persons retirement, unless she elects earlier conversion after retirement. Following the transaction, the reporting person beneficially owned 8,752.455 shares, which includes 74.813 stock credits from the Kennametal Inc. Stock Incentive Plan of 2002 and 6.078 stock credits from the Directors Stock Incentive Plan. The Form 4 was signed by an attorney-in-fact on 08/27/2025.

Douglas T. Dietrich, a director of Kennametal Inc. (KMT), reported acquiring 991.138 stock credits on 08/26/2025 at an attributable price of $21.44 per share, resulting in beneficial ownership of 8,595.952 shares. The filing explains the credits are 1-for-1 and become payable in common stock upon a change of control or when the director retires (unless he elects immediate conversion after retirement). The reported total includes 64.347 stock credits from the Kennametal Stock Incentive Plan dividend reinvestment feature and 15.098 credits from the Directors Stock Incentive Plan reinvestment. The Form 4 was executed by an attorney-in-fact and dated 08/27/2025.

Kennametal Inc. (KMT) director Steven H. Wunning reported an open-market purchase of 1,164 shares of Kennametal common stock on 08/26/2025 at a price of $21.44 per share. After the transaction, Mr. Wunning beneficially owned 91,227 shares. The Form 4 was filed as a single reporting person filing and was signed by Michelle R. Keating as attorney-in-fact on 08/27/2025. The filing shows a non-derivative acquisition and contains no derivative transactions or additional explanatory text.

Kennametal Inc. (KMT) insider transactions reported on Form 4 for reporting person Patrick S. Watson, Vice President and CFO. The filing shows purchases and sales executed on 08/15/2025 at a price of $21.02 per share. Mr. Watson purchased 9,576 shares and sold 7,779 shares, leaving reported direct beneficial ownership figures of 56,728.66 shares and 48,949.66 shares in the respective lines. The form also records multiple restricted stock unit (RSU) transactions: newly acquired RSUs totaling 28,613 units across grants, with 19,037 RSUs reported as acquired under transaction code A and other RSU amounts reported under code M; vested/disbursal occurs in three equal annual installments subject to continued employment. The filing is signed by an attorney-in-fact on 08/19/2025.

Kennametal Inc. director Lorraine M. Martin reported purchases and vesting-related acquisitions on 08/15/2025. She acquired 5,566 shares of common stock at $21.02 per share and disposed of 170 shares at the same price, leaving her with 43,239 shares beneficially owned directly. Multiple restricted stock unit (RSU) transactions were recorded: three grants totaling 5,626 RSUs were reported as exercised/credited across entries and an additional 6,898 RSUs were delivered, with RSUs converted 1-for-1 into common shares.

The RSUs are time-based and disbursed in three equal installments beginning on the first anniversary of the grant. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 08/19/2025. All transactions are reported as direct ownership.

Michelle R. Keating, Vice President and director of Kennametal Inc. (KMT), reported transactions on 08/15/2025. She purchased 8,796 shares of common stock at $21.02 per share and sold 5,744 shares at the same price, resulting in a net increase of 3,052 shares held. Following the transactions, she beneficially owned 51,066.19 shares (the filing notes 76.74 of those are held in the company 401(k) plan). Separately, Keating received 20,785 restricted stock units (RSUs) granted on the same date, which vest in three equal annual installments beginning on the first anniversary of the grant.

William J. Harvey, a director of Kennametal Inc. (KMT), reported transactions on 08/15/2025 that netted an increase in his holdings. The Form 4 shows an acquisition of 5,566 shares of common stock at $21.02 and a disposition of 170 shares at $21.02. After these transactions the filing reports beneficial ownership amounts of 46,599.766 shares and 46,429.766 shares (two post-transaction lines are shown for the different entries). The filing also records multiple restricted stock unit (RSU) entries: acquisitions of 1,773, 1,860, 1,933, and an additional 6,898 RSUs, to be settled 1-for-1 into common stock and subject to time-based vesting in three equal annual installments commencing on the first anniversary of the grant. The filing notes 1,198.288 shares were acquired through Kennametal's dividend reinvestment plan since the reporting person’s last Form 4.

Kennametal Inc. director Cindy L. Davis reported purchases and awards on 08/15/2025. She purchased 5,566 shares of Common Stock at $21.02 per share and reported a separate disposition of 170 shares at $21.02. After those transactions she beneficially owned 12,100 shares following the purchase and 11,930 shares following the disposition, reported as direct ownership. In addition, multiple Restricted Stock Unit grants were reported: awards of 1,773, 1,860, 1,933 and 6,898 RSUs (each converted 1-for-1 into Common Stock). The filings state RSUs are time-based and vest in three equal installments beginning on the first anniversary of the grant.