Michael J. Mckenney - Mar 10, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Executive Vice President & CFO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$423,651
Form type
4
Date filed
3/11/2022, 08:03 AM
Previous filing
Mar 8, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +1.34K +6.46% 22.1K Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$121K -596 -2.69% $202.22 21.5K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +340 +1.58% 21.9K Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$30.5K -151 -0.69% $202.22 21.7K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.49K +6.85% 23.2K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$88.4K -437 -1.88% $202.22 22.8K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +393 +1.72% 23.2K Mar 10, 2022 Direct F4
transaction KAI Common Stock Tax liability -$35.4K -175 -0.76% $202.22 23K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.49K +6.47% 24.5K Mar 10, 2022 Direct F5
transaction KAI Common Stock Tax liability -$127K -626 -2.56% $202.22 23.9K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +248 +1.04% 24.1K Mar 10, 2022 Direct F6
transaction KAI Common Stock Tax liability -$22.2K -110 -0.46% $202.22 24K 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 -1.34K -100% $0.00* 0 Mar 10, 2022 Common Stock 1.34K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -340 -100% $0.00* 0 Mar 10, 2022 Common Stock 340 $0.00 Direct F2
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 F3
transaction KAI Restricted Stock Unit Options Exercise $0 -393 -50.06% $0.00 392 Mar 10, 2022 Common Stock 393 $0.00 Direct F4
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 F5
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -33.33% $0.00 496 Mar 10, 2022 Common Stock 248 $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.