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: Bacchus Judith L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-26	Common Stock	J	1827	—	Acquired	28774.82	Direct
2021-07-26	Common Stock	J	4074	—	Acquired	28774.82	Direct

Footnotes

F1: Represents 2,284 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 Units awards that have met the performance requirements for distribution as common shares. Previously reported deemed earned performance units 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 these shares remains subject to the reporting person's continued employment with the Company through August 1, 2021.

F2: Represents 4,074 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 remains subject to the reporting person's continued employment with the Company through August 15, 2023.

F3: Includes 1,615 shares held in the Kennametal Inc. 401(k) Plan and 2,284 shares of Performance Unit shares not yet distributed.