Form 4: Kennametal Inc. Director Lawrence W. Stranghoener Reports Stock Credits Acquisition
SEC Form 4 Filing
Director Lawrence W. Stranghoener reports acquisition of stock credits convertible to Kennametal Inc. common stock.
Summary
- On May 28, 2024, Lawrence W. Stranghoener, a director of Kennametal Inc., acquired 426.878 stock credits.
- These stock credits are convertible to common stock under specific conditions: a change of control of the company or upon retirement as a director.
- The reporting person directly owns 113,979.005 shares of common stock, including stock credits acquired through dividend reinvestment plans.
- The price of the stock credits was $24.89.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock credits transaction |
| 05/30/2024 | Date of report filing |
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