Jonathan W. Painter - 19 May 2021 Form 4 Insider Report for KADANT INC (KAI)

Role
Director
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
19 May 2021
Net transactions value
$0
Form type
4
Filing time
21 May 2021, 16:11:02 UTC
Next filing
02 Jun 2021
SEC
View on sec.gov

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 +1,009 $0.000000 1,009 19 May 2021 Common Stock 1,009 $0.000000 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.