[SCHEDULE 13G/A] Kennametal Inc. SEC Filing

Rhea-AI Filing Summary

German American Bancorp, Inc. (GABC) filed a Form 4 disclosing that director Gregory Scott McComb received 1,298 shares of restricted common stock on 06/30/2025. The shares were granted at $0 cost as part of the company’s annual non-employee director equity program and will vest on July 1, 2026. After this grant, McComb’s direct ownership rises to 16,815 shares, while he continues to hold 383,429 shares indirectly through a trust and 33,230 shares in an IRA. The filing shows no derivative transactions and no dispositions. Because the grant is compensation-related and represents a small fraction of McComb’s existing 433k+ total holdings, it is unlikely to be market-moving but does marginally increase insider alignment with shareholders.

Positive

• Director’s ownership increases by 1,298 shares, modestly strengthening insider alignment.

Negative

• The grant is small relative to existing holdings and involves no open-market purchase, offering limited confidence signaling.

Insights

Securities Analyst

TL;DR: Routine director equity grant; negligible valuation impact.

The 1,298-share restricted stock award is standard board compensation, adding roughly $50-60k (assuming a mid-$40 share price) to McComb's stake. His aggregate ownership already exceeds 430k shares, so incremental dilution is de minimis for investors and does not indicate a trading view. Lack of open-market buying means no explicit confidence signal. Overall, the filing is informational and should not shift valuation models or consensus estimates.

Corporate Governance Expert

TL;DR: Grant supports director-shareholder alignment; vests in one year.

Annual equity compensation with a one-year vesting schedule encourages board retention and aligns director incentives with long-term shareholder returns. The absence of performance conditions limits its motivational strength, but the modest size aligns with best-practice pay levels for mid-cap banks. No governance red flags are evident.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

KENNAMETAL INC

(Name of Issuer)

Common Shares

(Title of Class of Securities)

489170100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 489170100

1

Names of Reporting Persons

BRANDES INVESTMENT PARTNERS, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,213,801.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,155,040.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,155,040.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.7 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KENNAMETAL INC
(b)	Address of issuer's principal executive offices: 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH, PENNSYLVANIA, 15219.
Item 2.
(a)	Name of person filing: Brandes Investment Partners, L.P.
(b)	Address or principal business office or, if none, residence: 4275 Executive Square, 5th Floor, La Jolla, CA 92037
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 489170100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8,155,040
(b)	Percent of class: 10.70 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 5,213,801
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 8,155,040
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BRANDES INVESTMENT PARTNERS, LP

Signature:	/s/ Glenn Carlson
Name/Title:	Executive Director
Date:	07/01/2025

FAQ

What did GABC disclose in the latest Form 4?

Director Gregory Scott McComb received 1,298 restricted shares on 06/30/2025 as part of annual board compensation.

How many GABC shares does McComb now own?

Post-grant, he holds 16,815 shares directly and 416,659 shares indirectly via a trust and IRA.

When will the restricted stock granted to McComb vest?

The shares are scheduled to vest on July 1, 2026.

Was there any cash paid for the shares?

No. The shares were issued at $0 purchase price as equity compensation.

Does the filing include any derivative transactions?

No derivative securities were acquired or disposed of in this Form 4.