Form 4: Kennametal Director Cindy L. Davis Reports Stock Transactions

Director Cindy L. Davis reports the vesting and conversion of restricted stock units into common stock, along with related tax withholding transactions.

Summary

• On August 15, 2024, Cindy L. Davis, a director of Kennametal Inc. (KMT), engaged in multiple transactions involving the company's stock.
• Davis converted restricted stock units into common stock, specifically 1,135, 1,772, and 1,859 units.
• These conversions were related to time-based vesting schedules.
• Concurrently, Davis disposed of 4,766 shares of common stock to cover tax obligations at a price of $25.
• Additionally, 145 shares were disposed of for tax withholding purposes.
• Following these transactions, Davis directly owns 19,587 shares of common stock and holds 5,800 restricted stock units acquired on August 15, 2024, and 11,293 restricted stock units from previous transactions.
• The restricted stock units are subject to time-based vesting and are disbursed in three equal installments commencing on the first anniversary date of the grant.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related disposals.

Key Dates