Form 4: Kennametal Inc. Executive Carlonda R. Reilly Reports Stock Transactions

Carlonda R. Reilly, a Vice President at Kennametal Inc., reported the acquisition and disposal of common stock and restricted stock units on August 15, 2024.

Summary

• On August 15, 2024, Carlonda R. Reilly, a Vice President at Kennametal Inc., engaged in transactions involving the company's stock.
• Reilly acquired 5,694 shares of common stock at $25 per share through the exercise of restricted stock units.
• Simultaneously, Reilly disposed of 2,695 shares of common stock at $25 per share.
• These transactions resulted in Reilly holding 42,125 shares of common stock directly.
• Reilly also acquired 7,635 restricted stock units at a price of $25.
• The transactions also involved the vesting of restricted stock units, with 1,243, 2,065, and 2,386 units vesting and converting into common stock.
• Following these transactions, Reilly directly holds 2,066 and 4,772 restricted stock units.
• The restricted stock units vest in three equal annual installments starting from the grant date's first anniversary, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't indicate any particular positive or negative sentiment about the company's performance.

Future Outlook

The restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates