Form 4: Kennametal Inc. Executive Patrick Watson Reports Stock Transactions
SEC Form 4 Filing
Patrick Watson, Vice President and CFO of Kennametal Inc., reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On August 15, 2024, Patrick Watson, the Vice President and CFO of Kennametal Inc., engaged in transactions involving Kennametal's common stock.
- Watson converted 5,753 restricted stock units into common stock at a price of $25 per share.
- Following the conversion, 2,360 shares were disposed of to cover tax obligations at $25 per share.
- After these transactions, Watson directly owns 36,580.79 shares of Kennametal Inc. common stock.
- Watson also acquired 13,440 restricted stock units at a price of $25.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports required insider trading activity. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock transactions: conversion of restricted stock units and disposal of shares for tax obligations. |
| 08/19/2024 | Date of report submission. |
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