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

Role: Senior VP, Corp. Development
Signature: /s/ Stacy D. Krause, by power of attorney
Issuer symbol: KAI
Transactions as of: 20 May 2021
Net transactions value: $0
Form type: 3
Filing time: 26 May 2021, 16:48:28 UTC
Next filing: 05 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAI	Common Stock						3,236	20 May 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							20 May 2021	Common Stock	151	$0.000000	Direct	F1
holding	KAI	Restricted Stock Unit							20 May 2021	Common Stock	597	$0.000000	Direct	F2
holding	KAI	Restricted Stock Unit							20 May 2021	Common Stock	293	$0.000000	Direct	F3
holding	KAI	Restricted Stock Unit							20 May 2021	Common Stock	1,112	$0.000000	Direct	F4
holding	KAI	Restricted Stock Unit							20 May 2021	Common Stock	278	$0.000000	Direct	F5
holding	KAI	Restricted Stock Unit							20 May 2021	Common Stock	1,113	$0.000000	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