Stacy D. Krause - Mar 10, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
SVP, GC and Secretary
Signature
/s/ Stacy D. Krause
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$185,234
Form type
4
Date filed
3/11/2022, 07:59 AM
Previous filing
Mar 8, 2022
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +647 647 Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$38.4K -190 -29.37% $202.22 457 Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +164 +35.89% 621 Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$9.91K -49 -7.89% $202.22 572 Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +945 +165.21% 1.52K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$56.2K -278 -18.33% $202.22 1.24K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +250 +20.18% 1.49K Mar 10, 2022 Direct F4
transaction KAI Common Stock Tax liability -$15K -74 -4.97% $202.22 1.42K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +947 +66.93% 2.36K Mar 10, 2022 Direct F5
transaction KAI Common Stock Tax liability -$56.2K -278 -11.77% $202.22 2.08K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +158 +7.58% 2.24K Mar 10, 2022 Direct F6
transaction KAI Common Stock Tax liability -$9.5K -47 -2.1% $202.22 2.2K Mar 10, 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 -647 -100% $0.00* 0 Mar 10, 2022 Common Stock 647 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -164 -100% $0.00* 0 Mar 10, 2022 Common Stock 164 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -945 -50% $0.00 945 Mar 10, 2022 Common Stock 945 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -250 -50.1% $0.00 249 Mar 10, 2022 Common Stock 250 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -947 -33.38% $0.00 1.89K Mar 10, 2022 Common Stock 947 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -158 -33.4% $0.00 315 Mar 10, 2022 Common Stock 158 $0.00 Direct F6
* 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 performance-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 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.
F3 The shares represent the partial settlement under a performance-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.
F4 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.
F5 The shares represent the partial settlement under a performance-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.
F6 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.