Form 4: Kennametal Inc. Executive Franklin Cardenas Reports Stock Transactions
SEC Form 4 Filing
Franklin Cardenas, 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, Franklin Cardenas, a Vice President at Kennametal Inc., engaged in transactions involving the company's stock.
- Cardenas acquired 11,089 shares of common stock at $25 per share.
- He also disposed of 8,898 shares of common stock.
- Additionally, Cardenas acquired 12,996 restricted stock units at a price of $25.
- The transactions involved the vesting of restricted stock units, resulting in the acquisition of common stock and subsequent withholding of shares to cover tax obligations.
- Following these transactions, Cardenas directly owns 60,051.063 shares of common stock and 12,996 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of earliest transaction: Acquisition and disposal of common stock and restricted stock units. |
| 08/19/2024 | Date of signature by attorney-in-fact. |
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