Thomas Andrew Blanchard - 10 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role: Vice President
Signature: /s/ Stacy D. Krause, by power of attorney
Issuer symbol: KAI
Transactions as of: 10 Mar 2022
Net transactions value: -$32,153
Form type: 4
Filing time: 11 Mar 2022, 07:57:22 UTC
Previous filing: 08 Mar 2022
Next filing: 07 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAI	Common Stock	Options Exercise		+215	+48%		667	10 Mar 2022	Direct	F1
transaction	KAI	Common Stock	Tax liability	$12,538	-62	-9.3%	$202.22	605	10 Mar 2022	Direct
transaction	KAI	Common Stock	Options Exercise		+209	+35%		814	10 Mar 2022	Direct	F2
transaction	KAI	Common Stock	Tax liability	$12,133	-60	-7.4%	$202.22	754	10 Mar 2022	Direct
transaction	KAI	Common Stock	Options Exercise		+129	+17%		883	10 Mar 2022	Direct	F3
transaction	KAI	Common Stock	Tax liability	$7,482	-37	-4.2%	$202.22	846	10 Mar 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	Options Exercise	$0	-215	-100%	$0.000000^*	0	10 Mar 2022	Common Stock	215	$0.000000	Direct	F1
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-209	-50%	$0.000000	209	10 Mar 2022	Common Stock	209	$0.000000	Direct	F2
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-129	-33%	$0.000000	257	10 Mar 2022	Common Stock	129	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The shares represent the partial settlement under a time-based RSU award granted March 4, 2019. One-third of the RSU vested and became distributable on March 10, 2022 and was converted to common stock on a one-for-one basis on the vesting date.
F2	The shares represent the partial settlement under a time-based RSU award granted March 2, 2020. One-third of the RSU vested and became distributable on March 10, 2022 and was converted to common stock on a one-for-one basis on the vesting date.
F3	The shares represent the partial settlement under a time-based RSU award granted March 9, 2021. One-third of the RSU vested and became distributable on March 10, 2022 and was converted to common stock on a one-for-one basis on the vesting date.