KENNAMETAL INC — Director's Dealing 2021

Aug 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2021-08-02

Reporting Person: Watson Patrick S (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-02	Common Stock	M	1323	$36.25	Acquired	15650.44	Direct
2021-08-02	Common Stock	F	365	$36.25	Disposed	15285.44	Direct
2021-08-02	Common Stock	J	620	—	Disposed	14665.44	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-02	Restricted Stock Units	$	M	827	Disposed		Common Stock (827)	Direct

Footnotes

F1: Includes 496 performance unit shares vested and distributed as common stock under Kennametal's 2018 Performance Unit Award.

F2: Represents 620 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2018 Performance Unit Award that have met the performance requirements for distribution as common shares. Previously reported performance unit shares are subject to a relative TSR multiplier, calculated on July 26, 2021 as 80%, approved by the Compensation Committee of Kennametal's Board of Directors, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.

F3: Includes 327.44 shares held in the Kennametal Inc. 401(k) Plan.

F4: 1 - for - 1

F5: 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 and subject to continued employment with the company.