Dara F. Mitchell - May 20, 2021 Form 3 Insider Report for KADANT INC (KAI)

Role
Senior VP, Corp. Development
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
May 20, 2021
Transactions value $
$0
Form type
3
Date filed
5/26/2021, 04:48 PM
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KAI Common Stock 3.24K May 20, 2021 Direct

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
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 151 $0.00 Direct F1
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 597 $0.00 Direct F2
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 293 $0.00 Direct F3
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 1.11K $0.00 Direct F4
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 278 $0.00 Direct F5
holding KAI Restricted Stock Unit May 20, 2021 Common Stock 1.11K $0.00 Direct F6
* 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. The RSU vests and is distributable on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.
F2 Each RSU represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.
F3 Each RSU represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in two equal installments beginning on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.
F4 Each RSU represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in two equal installments beginning on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.
F5 Each RSU represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installments beginning on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.
F6 Each RSU represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installations beginning on March 10, 2022, provided that the Issuer meets certain performance requirements for fiscal 2021 and the reporting person is employed by the Issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.

Remarks:

Exhibit 24 - Power of Attorney