KMT KENNAMETAL INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2026: $25M, Q2 2026: $15M, Q1 2026: $15M, Q3 2025: $15M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $25M vs trailing avg $15M (+66%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-123M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 2 insiders

• Chowbey Sanjay (President and CEO) bought 7,000 shares at $29.10 on 2026-09-10
• HARSHMAN RICHARD J () bought 5,000 shares at $30.21 on 2026-09-04

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 2 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $1M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 16.1x more than bought. 4 C-suite officers among sellers

• Bacchus Judith L (Vice President) sold 9,676 shares on 2026-09-08
• Keating Michelle R (Vice President) sold 20,000 shares on 2026-09-04
• Bacchus Judith L (Vice President) sold 5,488 shares on 2026-06-15
• Reilly Carlonda R. (Vice President) sold 12,013 shares on 2026-06-02
• Reilly Carlonda R. (Vice President) sold 13,410 shares on 2026-03-09
• Witt John Wayne (Vice President) sold 5,060 shares on 2026-02-19
• Keating Michelle R (Vice President) sold 24,617 shares on 2026-02-11
• Bacchus Judith L (Vice President) sold 39,051 shares on 2026-02-11