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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/1/24 |
Not Subject to Section 16? No |
Issuer: |
| Issuer CIK: 54381 |
| Issuer Name: KAMAN Corp |
| Issuer Trading Symbol: KAMN |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1841567 |
| | Owner Name: MORGAN MEGAN AMANDA |
| Reporting Owner Address: |
| | Owner Street 1: C/O KAMAN CORPORATION |
| | Owner Street 2: 1332 BLUE HILLS AVENUE |
| | Owner City: BLOOMFIELD |
| | Owner State: CT |
| | Owner ZIP Code: 06002 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: VP-HR & CHRO |
| | Other Text: |
Aff 10b5 One? No |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Kaman Common Stock |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 511.00 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 45.81 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 14,982.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance-Based Restricted Stock Unit |
| | Conversion or Exercise Price: |
| | | Value: 0.00 |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 12/31/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Kaman Common Stock |
| | | Underlying Security Shares: |
| Value: 2,030.00 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,030.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance-Based Restricted Stock Unit |
| | Conversion or Exercise Price: |
| | | Value: 0.00 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 12/31/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Kaman Common Stock |
| | | Underlying Security Shares: |
| Value: 5,125.00 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,125.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance-Based Restricted Stock Unit |
| | Conversion or Exercise Price: |
| | | Value: 0.00 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 12/31/24 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Kaman Common Stock |
| | | Underlying Security Shares: |
| Value: 3,130.00 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,130.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Options (Right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 64.48 |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Value: 2/17/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Kaman Common Stock |
| | | Underlying Security Shares: |
| Value: 3,980.00 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,980.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Options (Right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 61.02 |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Value: 2/18/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Kaman Common Stock |
| | | Underlying Security Shares: |
| Value: 3,680.00 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,680.00 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Represents shares withheld from a vested restricted stock award to satisfy tax withholding obligations, as permitted by the Company's Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. |
| Footnote - F2: Represents performance-based restricted share units ("PSUs") granted under the Kaman Corporation Second 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, 2026. 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. |
| Footnote - F3: 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, 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. |
| Footnote - F4: 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. |
| Footnote - F5: 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. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Megan A. Morgan |
| Signature Date: 3/4/24 |