Fredrik H. Westerhout - Mar 8, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role: Vice President
Signature: /s/ Stacy D. Krause, by power of attorney
Stock symbol: KAI
Transactions as of: Mar 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/8/2022, 03:29 PM
Previous filing: Nov 8, 2021
Next filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAI	Common Stock						1.18K	Mar 8, 2022	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
transaction	KAI	Restricted Stock Unit	Award	$0	+1.02K		$0.00	1.02K	Mar 8, 2022	Common Stock	1.02K	$0.00	Direct	F1
transaction	KAI	Restricted Stock Unit	Award	$0	+254		$0.00	254	Mar 8, 2022	Common Stock	254	$0.00	Direct	F2

* 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 in three equal installations 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.
F2	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.

Content

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 installations 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.

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.