Kaman (KAMN) executive Smith acquired 3,340 shares at $39.22

Insider transactions reported

Richard Stanley Smith Jr (SVP Gen Counsel & Secretary at Kaman Corporation, KAMN) reported that they acquired 3,340 shares at $39.22, and gave up 3,069 shares at $45.04 to cover taxes or an exercise price on Feb 16, 2024. After these transactions the filing shows 29,018 shares held directly.

Reporting person

Smith Richard Stanley Jr

Role

SVP GEN COUNSEL & SECRETARY

Options and other derivatives

Holdings before and after

• Kaman Common Stock: 28,747 to 29,018 direct
• Stock Options (Right to buy): 3,340 to 0 direct

Footnotes from the filing

1. 1. The activity reported herein reflects the net settlement of options pursuant to the Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. The options would otherwise expire in accordance with their terms on February 19, 2024.
2. 2. Represents the number of shares withheld by the issuer to satisfy the exercise price and income tax withholding and remittance obligations in connection with the net settlement of options, as permitted by the Kaman Corporation 2013 Management Incentive Plan and does not represent a sale by the reporting person.
3. 3. Exercisable at the rate of 20% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.
4. 4. Represents performance-based restricted share units ( PSUs ) granted under the Kaman Corporation Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2025. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.
5. 5. Represents PSUs granted under the Kaman Corporation Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2024. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

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