KENNAMETAL INC — Director's Dealing 2021

Jul 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2021-07-26

Reporting Person: Rossi Christopher (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-26	Common Stock	J	14899	—	Acquired	114485.73	Direct
2021-07-26	Common Stock	J	34861	—	Acquired	114485.73	Direct

Footnotes

F1: Represents 18,623 performance unit shares previously reported on Form 4 as deemed earned by the Compensation Committee of the Board of Directors of Kennametal Inc. (the Compensation Committee), under Kennametal's 2018 Performance Unit awards that have met the performance requirements for distribution as common shares. Previously reported deemed earned performance unit shares for 2018 Performance Unit awards are subject to a relative TSR multiplier, calculated as 80%, and approved by the Compensation Committee on July 26, 2021. The vesting and actual payout of the shares remains subject to the reporting person's continued employment with the Company through August 1, 2021.

F2: Represents 34,861 shares deemed to have been earned by the Compensation Committee on July 26, 2021, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2020, under the Kennametal Inc. Stock and Incentive Plan of 2016 (the "2020 Performance Unit Award".) The vesting and actual payout of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2023.

F3: Includes 2,145.636 shares acquired through Kennametal Inc.'s dividend reinvestment plan, meeting the requirements of Rule 16a-11 of the Securities and Exchange Act of 1934 as amended, since the reporting person's last Form 4 filing.

F4: Includes 18,623 shares of Performance Unit shares not yet distributed.