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

Role
Executive Vice President & COO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$433,762
Form type
4
Date filed
3/11/2022, 08:01 AM
Previous filing
Nov 17, 2021
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +1.43K +5% 30.1K Mar 10, 2022 Direct F1, F2
transaction KAI Common Stock Tax liability -$129K -636 -2.11% $202.22 29.5K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +363 +1.23% 29.8K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$32.6K -161 -0.54% $202.22 29.7K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.49K +5.02% 31.1K Mar 10, 2022 Direct F4
transaction KAI Common Stock Tax liability -$88.4K -437 -1.4% $202.22 30.7K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +393 +1.28% 31.1K Mar 10, 2022 Direct F5
transaction KAI Common Stock Tax liability -$35.4K -175 -0.56% $202.22 30.9K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.49K +4.81% 32.4K Mar 10, 2022 Direct F6
transaction KAI Common Stock Tax liability -$127K -626 -1.93% $202.22 31.8K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +248 +0.78% 32K Mar 10, 2022 Direct F7
transaction KAI Common Stock Tax liability -$22.2K -110 -0.34% $202.22 31.9K 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 -1.43K -100% $0.00* 0 Mar 10, 2022 Common Stock 1.43K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -363 -100% $0.00* 0 Mar 10, 2022 Common Stock 363 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -1.49K -50% $0.00 1.49K Mar 10, 2022 Common Stock 1.49K $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -393 -50.06% $0.00 392 Mar 10, 2022 Common Stock 393 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -1.49K -33.33% $0.00 2.98K Mar 10, 2022 Common Stock 1.49K $0.00 Direct F6
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -33.33% $0.00 496 Mar 10, 2022 Common Stock 248 $0.00 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.