Kennametal (NYSE: KMT) director awarded 575 stock credits grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
KENNAMETAL INC director Shelley J. Bausch acquired 575.257 stock credits as a grant. These stock credits, linked to common stock on a one-for-one basis, were awarded at an indicated value of $36.94 per share, increasing her directly held stock credits to 11,242.331.
The stock credits become payable in common stock upon a change of control of the company or when she ceases to be a director, unless she elects a different timing following retirement. An earlier Form 4 omitted a full footnote explaining that a portion of her stock credits was accumulated through dividend reinvestment features of Kennametal incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bausch Shelley J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Credits | 575.257 | $36.94 | $21K |
Holdings After Transaction:
Stock Credits — 11,242.331 shares (Direct, null)
Footnotes (1)
- 1 for 1 The stock credits become payable in common stock (i) in the event of a change of control of the company or (ii) on the date that the reporting person ceases (other than by death) to be a director ("retirement"), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement On May 28, 2026, the reporting person filed a Form 4 which inadvertently did not include the following complete footnote. Includes 44.370 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 16.170 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended. The company maintains a separate dividend reinvestment plan available to its shareholders that satisfies the requirement of Rule 16a-11 of the Securities and Exchange Act of 1934, as amended
Key Figures
Stock credits granted: 575.257 stock credits
Indicated grant value: $36.94 per share
Total stock credits after grant: 11,242.331 stock credits
+2 more
5 metrics
Stock credits granted
575.257 stock credits
Grant to director Shelley J. Bausch
Indicated grant value
$36.94 per share
Reference price for stock credits
Total stock credits after grant
11,242.331 stock credits
Director’s direct holdings following transaction
Dividend reinvestment credits (plan 2002)
44.370 stock credits
From Kennametal Inc. Stock Incentive Plan of 2002
Dividend reinvestment credits (directors plan)
16.170 stock credits
From Kennametal Directors Stock Incentive Plan
Key Terms
Stock Credits, dividend reinvestment, change of control, Kennametal Inc. Stock Incentive Plan of 2002, +1 more
5 terms
Stock Credits financial
"The stock credits become payable in common stock (i) in the event of a change of control"
dividend reinvestment financial
"Includes 44.370 stock credits acquired pursuant to a dividend reinvestment feature"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
change of control financial
"The stock credits become payable in common stock (i) in the event of a change of control of the company"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Kennametal Inc. Stock Incentive Plan of 2002 financial
"acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002"
Directors Stock Incentive Plan financial
"acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan"
FAQ
What insider transaction did Kennametal (KMT) director Shelley J. Bausch report?
Shelley J. Bausch reported receiving 575.257 stock credits as a grant. These credits are tied one-for-one to Kennametal common shares and increased her total directly held stock credits to 11,242.331, reflecting routine director compensation rather than an open-market purchase.
At what value were the new Kennametal (KMT) stock credits granted to the director?
The 575.257 stock credits were granted at an indicated value of $36.94 per share. This reference price helps quantify the size of the equity award as part of director compensation, even though the credits themselves are not open-market stock purchases.
When do Shelley J. Bausch’s Kennametal (KMT) stock credits become payable in common stock?
The stock credits become payable in Kennametal common stock upon a company change of control or when she stops serving as a director. She may also elect to receive the common stock represented by the credits after retirement, providing flexibility in the timing of settlement.
How many Kennametal (KMT) stock credits does the director hold after this Form 4/A?
After the reported grant, Shelley J. Bausch directly holds 11,242.331 stock credits. This figure includes prior awards and credits accumulated, giving a snapshot of her total stock-based director compensation at the time of the amended filing.
What correction does this amended Kennametal (KMT) Form 4/A make to earlier disclosures?
The amendment adds a complete footnote previously omitted. It clarifies that 44.370 stock credits came from dividend reinvestment under the Kennametal Stock Incentive Plan of 2002 and 16.170 credits came from dividend reinvestment under the Directors Stock Incentive Plan.
How were some of Shelley J. Bausch’s Kennametal (KMT) stock credits accumulated?
Part of her position was accumulated through dividend reinvestment features of Kennametal incentive plans. Specifically, 44.370 credits came from the 2002 Stock Incentive Plan and 16.170 credits from the Directors Stock Incentive Plan, rather than direct grants alone.