Thomas C. Leonard - May 19, 2021 Form 4 Insider Report for KADANT INC (KAI)

Role
Director
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
May 19, 2021
Transactions value $
$0
Form type
4
Date filed
5/21/2021, 04:08 PM
Next filing
Jun 1, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KAI Restricted Stock Unit Award $0 +1.01K $0.00 1.01K May 19, 2021 Common Stock 1.01K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. 50% of the RSU vests on June 1, 2021 and the remainder vests in two equal installments on the last day of each of the Issuer's third and fourth quarters of fiscal 2021 provided the recipient continues to serve as a director of the Issuer.