Langevin Eric T. - 10 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Executive Vice President & COO
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2022
Net transactions value
-$433,762
Form type
4
Filing time
11 Mar 2022, 08:01:43 UTC
Previous filing
17 Nov 2021
Next filing
01 Apr 2022
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 +1,433 +5% 30,086 10 Mar 2022 Direct F1, F2
transaction KAI Common Stock Tax liability $128,612 -636 -2.1% $202.22 29,450 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +363 +1.2% 29,813 10 Mar 2022 Direct F3
transaction KAI Common Stock Tax liability $32,557 -161 -0.54% $202.22 29,652 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,488 +5% 31,140 10 Mar 2022 Direct F4
transaction KAI Common Stock Tax liability $88,370 -437 -1.4% $202.22 30,703 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +393 +1.3% 31,096 10 Mar 2022 Direct F5
transaction KAI Common Stock Tax liability $35,388 -175 -0.56% $202.22 30,921 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,488 +4.8% 32,409 10 Mar 2022 Direct F6
transaction KAI Common Stock Tax liability $126,590 -626 -1.9% $202.22 31,783 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +248 +0.78% 32,031 10 Mar 2022 Direct F7
transaction KAI Common Stock Tax liability $22,244 -110 -0.34% $202.22 31,921 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 -1,433 -100% $0.000000* 0 10 Mar 2022 Common Stock 1,433 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -363 -100% $0.000000* 0 10 Mar 2022 Common Stock 363 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -1,488 -50% $0.000000 1,488 10 Mar 2022 Common Stock 1,488 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -393 -50% $0.000000 392 10 Mar 2022 Common Stock 393 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -1,488 -33% $0.000000 2,976 10 Mar 2022 Common Stock 1,488 $0.000000 Direct F6
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -33% $0.000000 496 10 Mar 2022 Common Stock 248 $0.000000 Direct F7
* 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 Includes 176 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2021.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.