A statement of changes in beneficial ownership filed on September 3, 2026 discloses that Dawne S. Hickton, a director of Kennametal Inc., received 5,310 stock credits on September 1, 2026 as a derivative securities acquisition.

Key Highlights

  • Reporting person: Dawne S. Hickton, identified as a Director of Kennametal Inc. (NYSE:KMT)
  • Transaction date: September 1, 2026, with the filing submitted on September 3, 2026
  • Securities acquired: 5,310 stock credits, classified as derivative securities, acquired with a transaction code of "A" (acquired)
  • Price of derivative security: $0, per the filing
  • Underlying security: Common stock of Kennametal Inc., on a 1-for-1 conversion basis
  • Post-transaction holdings: 5,310 stock credits beneficially owned directly following the reported transaction

Kennametal Director Hickton Receives Stock Credits Under Deferred Compensation Arrangement

According to the filing, Dawne S. Hickton, a director of Kennametal Inc., a manufacturer of cutting tools, tooling systems, and wear solutions serving industrial and energy markets, acquired 5,310 stock credits on September 1, 2026. The transaction was reported under Table II (Derivative Securities) with an acquisition code of "A" and a stated price of $0. Following the transaction, Hickton's total direct beneficial ownership of stock credits stood at 5,310.

The filing explains that the stock credits carry a 1-for-1 conversion ratio into Kennametal common stock. According to the filing's explanation of responses, "the stock credits become payable in common stock (i) in the event of a change of control of the company or (ii) on the date that the reporting person ceases (other than by death) to be a director ('retirement'), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement." No expiration date for the stock credits was provided in the filing. The form was signed by Michelle R. Keating as attorney-in-fact for Dawne S. Hickton and was filed as an individual, single-reporting-person submission.

What Was Disclosed

The filing discloses the acquisition of 5,310 stock credits by Kennametal director Dawne S. Hickton on September 1, 2026, at a stated price of $0. The credits convert to common stock on a 1-for-1 basis upon a change of control or the director's departure from the board.