MICHAEL J. MCKENNEY - 10 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Executive Vice President & CFO
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2022
Net transactions value
-$423,651
Form type
4
Filing time
11 Mar 2022, 08:03:31 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 +1,343 +6.5% 22,141 10 Mar 2022 Direct F1
transaction KAI Common Stock Tax liability $120,523 -596 -2.7% $202.22 21,545 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +340 +1.6% 21,885 10 Mar 2022 Direct F2
transaction KAI Common Stock Tax liability $30,535 -151 -0.69% $202.22 21,734 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,488 +6.8% 23,222 10 Mar 2022 Direct F3
transaction KAI Common Stock Tax liability $88,370 -437 -1.9% $202.22 22,785 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +393 +1.7% 23,178 10 Mar 2022 Direct F4
transaction KAI Common Stock Tax liability $35,388 -175 -0.76% $202.22 23,003 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,488 +6.5% 24,491 10 Mar 2022 Direct F5
transaction KAI Common Stock Tax liability $126,590 -626 -2.6% $202.22 23,865 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +248 +1% 24,113 10 Mar 2022 Direct F6
transaction KAI Common Stock Tax liability $22,244 -110 -0.46% $202.22 24,003 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 -1,343 -100% $0.000000* 0 10 Mar 2022 Common Stock 1,343 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -340 -100% $0.000000* 0 10 Mar 2022 Common Stock 340 $0.000000 Direct F2
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 F3
transaction KAI Restricted Stock Unit Options Exercise $0 -393 -50% $0.000000 392 10 Mar 2022 Common Stock 393 $0.000000 Direct F4
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 F5
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -33% $0.000000 496 10 Mar 2022 Common Stock 248 $0.000000 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.