Michael J. Mckenney - 08 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role: Executive Vice President & CFO
Signature: /s/ Stacy D. Krause, by power of attorney
Issuer symbol: KAI
Transactions as of: 08 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2022, 15:19:15 UTC
Previous filing: 16 Nov 2021
Next filing: 11 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAI	Common Stock						20,798	08 Mar 2022	Direct	F1

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	+2,488		$0.000000	2,488	08 Mar 2022	Common Stock	2,488	$0.000000	Direct	F2
transaction	KAI	Restricted Stock Unit	Award	$0	+622		$0.000000	622	08 Mar 2022	Common Stock	622	$0.000000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 176 shares acquired in an exempt transaction pursuant to the Issuer's Employees' Stock Purchase Plan on December 31, 2021.
F2	Each Restricted Stock Unit ("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, 2023, provided that the Issuer meets certain performance requirements for fiscal 2022 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.
F3	This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2023, provided the reporting person is employed by the Issuer on the vesting date.