Chowbey Sanjay

SEC source: 0001782435-23-000002 · primary_doc.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,163.7

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 171.70 shares of common stock held in the Kennametal Inc. 401(k) Plan.

SEC source: 0001782435-23-000001 · primary_doc.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,055.7

F2 · shares: Represents 5,403 performance stock units deemed to have been earned by the Committee on July 24, 2023, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2022 (the "2022 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 24, 2023, the Committee approved adjusted ROIC payout multiple at 125% for the first tranche of the 2022 Performance Unit Award. Vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025

F3 · balance_after: Includes 171.70 shares of common stock held in the Kennametal Inc. 401(k) Plan

SEC source: 0001782435-23-000001 · primary_doc.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,652.7

F1 · shares: Represents 3,733 performance stock units deemed to have been earned by the Committee on July 24, 2023, with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 15, 2021 (the "2021 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 24, 2023, the Committee approved adjusted ROIC payout multiple at 125% for the second tranche of the 2021 Performance Unit Award. Vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2024

F3 · balance_after: Includes 171.70 shares of common stock held in the Kennametal Inc. 401(k) Plan

SEC source: 0001062993-23-005884 · form4.xml · derivative · entry 3

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,543

Underlying: Common Stock · 4,982 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: 1 - for - 1

F3 · derivative.expiration_date: Restricted stock units have a graded vesting schedule with 4 vesting tranches on 8/1/2022, 3/1/2023, 8/1/2023 and 8/1/2024, and are subject to continued employment with the company.

SEC source: 0001062993-23-005884 · form4.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,850.71

F1 · balance_after: Includes 102.71 shares of common stock held in the Kennametal Inc. 401(k) Plan and 3,300 shares of Performance Stock Units not yet distributed.

SEC source: 0001062993-23-005884 · form4.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,327.71

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 102.71 shares of common stock held in the Kennametal Inc. 401(k) Plan and 3,300 shares of Performance Stock Units not yet distributed.

SEC source: 0001723211-22-000033 · primary_doc.xml · derivative · entry 5

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,968

Underlying: Common Stock · 12,968 shares

Expires not disclosed

F3 · derivative.exercise_price: 1 - for - 1

F4 · derivative.exercise_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

F4 · derivative.expiration_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

SEC source: 0001723211-22-000033 · primary_doc.xml · derivative · entry 4

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,974

Underlying: Common Stock · 2,986 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: 1 - for - 1

F4 · derivative.exercise_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

F4 · derivative.expiration_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

SEC source: 0001723211-22-000033 · primary_doc.xml · nonDerivative · entry 3

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,345.71

F1 · shares: Represents 3,300 performance stock units (PSUs) deemed to have been earned by the Compensation and Human Capital Committee of the Board of Directors on July 25, 2022, with respect to the first tranche of the 2021 Performance Unit Award granted to the reporting person on August 15, 2022, under the Kennametal Inc. 2020 Stock and Incentive Plan (the "2021 Performance Unit Award").

F2 · balance_after: Includes 102.71 shares held in the Kennametal Inc. 401(k) Plan.

SEC source: 0001723211-22-000033 · primary_doc.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,045.71

SEC source: 0001723211-22-000033 · primary_doc.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,772.71

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001723211-22-000021 · primary_doc.xml · derivative · entry 3

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,525

Underlying: Common Stock · 11,478 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: 1 - for - 1

F3 · derivative.exercise_date: Restricted stock units have a graded vesting schedule with 4 vesting tranches on 8/1/2022, 3/1/2023, 8/1/2023 and 8/1/2024, and are subject to continued employment with the company.

F3 · derivative.expiration_date: Restricted stock units have a graded vesting schedule with 4 vesting tranches on 8/1/2022, 3/1/2023, 8/1/2023 and 8/1/2024, and are subject to continued employment with the company.

SEC source: 0001723211-22-000021 · primary_doc.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,763.79

F1 · balance_after: Includes 79.79 shares held in the Kennametal Inc. 401(k) Plan.

SEC source: 0001723211-22-000021 · primary_doc.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,557.79

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 79.79 shares held in the Kennametal Inc. 401(k) Plan.

SEC source: 0001723211-22-000016 · primary_doc.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79.79

F1 · shares: Represents 3,300 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 25, 2022, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2021 (the "2021 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 25, 2022, the Committee approved adjusted ROIC payout multiple at 110.5% for the first tranche of the 2021 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2024.

F2 · balance_after: Includes 79.79 shares held in the Kennametal Inc. 401(k) Plan.

SEC source: 0001723211-21-000047 · primary_doc.xml · derivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,960

Underlying: Common Stock · 8,960 shares

Expires not disclosed

F1 · derivative.exercise_price: 1 - for - 1

F2 · derivative.exercise_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

F2 · derivative.expiration_date: Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date, subject to continued employment with the company.

SEC source: 0001723211-21-000015 · primary_doc.xml · derivative · entry 1

Chowbey Sanjay · CIK 0001782435 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,003

Underlying: Common Stock · 23,003 shares

Expires not disclosed

F1 · derivative.exercise_price: 1 - for - 1

F2 · derivative.exercise_date: Restricted stock units are subject to time-based vesting and are disbursed in 4 installments on 8/1/2022, 3/1/2023, 8/1/2023 and 8/1/2024, and are subject to continued employment with the company.

F2 · derivative.expiration_date: Restricted stock units are subject to time-based vesting and are disbursed in 4 installments on 8/1/2022, 3/1/2023, 8/1/2023 and 8/1/2024, and are subject to continued employment with the company.

SEC source: 0000030625-21-000027 · wf-form4_161403600508646.xml · derivative · entry 3

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,457

Underlying: Common Stock · 1,753 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

SEC source: 0000030625-21-000027 · wf-form4_161403600508646.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,692

SEC source: 0000030625-21-000027 · wf-form4_161403600508646.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,430

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000030625-21-000011 · wf-form4_161368814940000.xml · derivative · entry 3

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,900

Underlying: Common Stock · 6,640 shares

Expires not disclosed

F3 · derivative.exercise_price: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% based on performance against two factors over a three-year performance cycle beginning on January 1, 2021 and ending on December 31, 2023: 1) the issuer's three year average free cash flow ("FCF") as a percentage of net income; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC improvement under its operating plan. Additionally, a relative total shareholder return ("TSR") modifier will be applied that may result in a positive or negative 15% adjustment to the otherwise earned performance rights. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

F3 · derivative.exercise_date: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% based on performance against two factors over a three-year performance cycle beginning on January 1, 2021 and ending on December 31, 2023: 1) the issuer's three year average free cash flow ("FCF") as a percentage of net income; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC improvement under its operating plan. Additionally, a relative total shareholder return ("TSR") modifier will be applied that may result in a positive or negative 15% adjustment to the otherwise earned performance rights. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

F3 · derivative.expiration_date: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% based on performance against two factors over a three-year performance cycle beginning on January 1, 2021 and ending on December 31, 2023: 1) the issuer's three year average free cash flow ("FCF") as a percentage of net income; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's targeted ROIC improvement under its operating plan. Additionally, a relative total shareholder return ("TSR") modifier will be applied that may result in a positive or negative 15% adjustment to the otherwise earned performance rights. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

SEC source: 0000030625-21-000011 · wf-form4_161368814940000.xml · derivative · entry 2

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,210

Underlying: Common Stock · 5,310 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares). The restricted stock units vest over a three-year period, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting on the third anniversary of the grant.

F2 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares). The restricted stock units vest over a three-year period, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting on the third anniversary of the grant.

F2 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares). The restricted stock units vest over a three-year period, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting on the third anniversary of the grant.

SEC source: 0000030625-21-000011 · wf-form4_161368814940000.xml · derivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,900

Underlying: Common Stock · 6,640 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

SEC source: 0000030625-20-000097 · wf-form4_159493563628731.xml · derivative · entry 3

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,260

Underlying: Common Stock · 1,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

SEC source: 0000030625-20-000097 · wf-form4_159493563628731.xml · nonDerivative · entry 2

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,625

SEC source: 0000030625-20-000097 · wf-form4_159493563628731.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,875

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

SEC source: 0000030625-20-000050 · wf-form4_158387277413486.xml · nonDerivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 850

SEC source: 0000030625-20-000021 · wf-form4_158258129105578.xml · derivative · entry 2

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,260

Underlying: Common Stock · 5,260 shares

Expires not disclosed

F2 · derivative.exercise_price: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and are based on two factors during a three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022 which are: 1) the issuer's relative total shareholder return ("TSR") in comparison to the TSR averages of a predetermined compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's ROIC improvement goals under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

F2 · derivative.exercise_date: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and are based on two factors during a three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022 which are: 1) the issuer's relative total shareholder return ("TSR") in comparison to the TSR averages of a predetermined compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's ROIC improvement goals under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

F2 · derivative.expiration_date: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and are based on two factors during a three-year performance cycle beginning on January 1, 2020 and ending on December 31, 2022 which are: 1) the issuer's relative total shareholder return ("TSR") in comparison to the TSR averages of a predetermined compensation peer group over the performance cycle; and 2) the issuer's return on invested capital ("ROIC") measured against the issuer's ROIC improvement goals under its operating plan. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.

SEC source: 0000030625-20-000021 · wf-form4_158258129105578.xml · derivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,260

Underlying: Common Stock · 5,260 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

SEC source: 0000030625-19-000059 · wf-form4_156339529048360.xml · derivative · entry 1

Chowbey Sanjay · CIK 0001782435 · President, AMSS

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

Underlying: Common Stock · 3,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.exercise_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.

F1 · derivative.expiration_date: Each restricted stock unit represents the right to receive, at settlement, one share of common stock (plus dividends accrued on the underlying shares) and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. The shares vest ratably over a three-year period on each annual anniversary of the grant.