KENNAMETAL INC Stock Compensation Disclosure
| Options | Weighted Average Exercise Price | Weighted Average Remaining Life (years) | Aggregate Intrinsic value (in thousands) | ||||||||||||||||||||
| Options outstanding, June 30, 2024 | 165,310 | $ | 34.78 | ||||||||||||||||||||
| Exercised | — | — | |||||||||||||||||||||
| Lapsed and forfeited | (63,363) | 42.13 | |||||||||||||||||||||
| Options outstanding, June 30, 2025 | 101,947 | $ | 30.20 | 0.2 | $ | 29 | |||||||||||||||||
| Options vested and expected to vest, June 30, 2025 | 101,947 | $ | 30.20 | 0.2 | $ | 29 | |||||||||||||||||
| Options exercisable, June 30, 2025 | 101,947 | $ | 30.20 | 0.2 | $ | 29 | |||||||||||||||||
| Performance Vesting Stock Units | Performance Vesting Weighted Average Fair Value | Time Vesting Stock Units | Time Vesting Weighted Average Fair Value | ||||||||||||||||||||
| Unvested, June 30, 2024 | 552,461 | $ | 28.73 | 1,122,569 | $ | 27.36 | |||||||||||||||||
| Granted | 303,546 | 25.15 | 761,097 | 25.05 | |||||||||||||||||||
| Vested | (112,598) | 36.72 | (549,752) | 28.64 | |||||||||||||||||||
| Performance metric adjustments, net | (107,780) | 32.98 | — | — | |||||||||||||||||||
| Forfeited | (67,297) | 25.94 | (136,699) | 25.56 | |||||||||||||||||||
| Unvested, June 30, 2025 | 568,332 | $ | 24.76 | 1,197,215 | $ | 25.50 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 12, 2025 | Showing above |
| 2024 | Aug 12, 2024 | |
| 2023 | Aug 9, 2023 | |
| 2022 | Aug 10, 2022 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.