Michael C. Colwell - 10 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2022
Net transactions value
-$69,159
Form type
4
Filing time
11 Mar 2022, 08:09:24 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 +378 +23% 2,049 10 Mar 2022 Direct F1
transaction KAI Common Stock Tax liability $18,806 -93 -4.5% $202.22 1,956 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +417 +21% 2,373 10 Mar 2022 Direct F2
transaction KAI Common Stock Tax liability $20,626 -102 -4.3% $202.22 2,271 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +110 +4.8% 2,381 10 Mar 2022 Direct F3
transaction KAI Common Stock Tax liability $5,460 -27 -1.1% $202.22 2,354 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +417 +18% 2,771 10 Mar 2022 Direct F4
transaction KAI Common Stock Tax liability $20,626 -102 -3.7% $202.22 2,669 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +70 +2.6% 2,739 10 Mar 2022 Direct F5
transaction KAI Common Stock Tax liability $3,640 -18 -0.66% $202.22 2,721 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 -378 -100% $0.000000* 0 10 Mar 2022 Common Stock 378 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -50% $0.000000 417 10 Mar 2022 Common Stock 417 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -110 -50% $0.000000 110 10 Mar 2022 Common Stock 110 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -33% $0.000000 834 10 Mar 2022 Common Stock 417 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -70 -33% $0.000000 139 10 Mar 2022 Common Stock 70 $0.000000 Direct F5
* 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 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.
F2 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.
F3 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.
F4 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.
F5 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.