Form 4: Kennametal Inc. Executive Michelle R. Keating Reports Stock Transactions
SEC Form 4 Filing
Michelle R. Keating, a Vice President at Kennametal Inc., reported the vesting and disposal of restricted stock units and common stock transactions on August 15, 2024.
Summary
- On August 15, 2024, Michelle R. Keating, a Vice President at Kennametal Inc., engaged in transactions involving Kennametal's common stock and restricted stock units.
- Keating acquired 6,786 shares of common stock through the vesting of restricted stock units at a price of $25.
- Simultaneously, Keating disposed of 3,379 shares of common stock to cover tax obligations, also at $25.
- Keating also acquired 10,288 restricted stock units.
- Following these transactions, Keating directly owns 40,982.72 shares of common stock and various amounts of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of earliest transaction: vesting of restricted stock units, disposal of shares for tax obligations, and acquisition of restricted stock units. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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