Form 4: Kennametal Director Stranghoener Reports Acquisition of Stock Credits
SEC Form 4 Filing
Director Lawrence W. Stranghoener reports acquiring stock credits convertible to common stock in Kennametal Inc.
Summary
- On February 27, 2024, Lawrence W. Stranghoener, a director of Kennametal Inc., acquired 429.293 stock credits.
- These stock credits are convertible to common stock under specific conditions.
- The conversion occurs upon a change of control of the company or the director's retirement.
- Stranghoener's total holdings include 112,641.151 shares, including stock credits acquired through dividend reinvestment plans.
- The price of the stock credits was $24.75.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Acquisition of stock credits |
| 02/29/2024 | Date of report filing |
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