Fredrik H. Westerhout - Nov 1, 2021 Form 3 Insider Report for KADANT INC (KAI)

Role: Vice President
Signature: /s/ Stacy D. Krause, by power of attorney
Stock symbol: KAI
Transactions as of: Nov 1, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/8/2021, 08:23 AM
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAI	Common Stock						1.18K	Nov 1, 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							Nov 1, 2021	Common Stock	218	$0.00	Direct	F1
holding	KAI	Restricted Stock Unit							Nov 1, 2021	Common Stock	424	$0.00	Direct	F2
holding	KAI	Restricted Stock Unit							Nov 1, 2021	Common Stock	391	$0.00	Direct	F3

* 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 in two equal installments beginning on March 10, 2022, provided that 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 three equal installations beginning on March 10, 2022, provided the reporting person is employed by the Issuer on the vesting date.