Jeffrey L. Powell - 10 Mar 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2022
Net transactions value
-$1,544,759
Form type
4
Filing time
11 Mar 2022, 08:11:57 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 +4,030 +12% 36,999 10 Mar 2022 Direct F1
transaction KAI Common Stock Tax liability $361,569 -1,788 -4.8% $202.22 35,211 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,021 +2.9% 36,232 10 Mar 2022 Direct F2
transaction KAI Common Stock Tax liability $91,606 -453 -1.3% $202.22 35,779 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +5,005 +14% 40,784 10 Mar 2022 Direct F3
transaction KAI Common Stock Tax liability $448,928 -2,220 -5.4% $202.22 38,564 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +1,321 +3.4% 39,885 10 Mar 2022 Direct F4
transaction KAI Common Stock Tax liability $118,501 -586 -1.5% $202.22 39,299 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +5,007 +13% 44,306 10 Mar 2022 Direct F5
transaction KAI Common Stock Tax liability $449,131 -2,221 -5% $202.22 42,085 10 Mar 2022 Direct
transaction KAI Common Stock Options Exercise +835 +2% 42,920 10 Mar 2022 Direct F6
transaction KAI Common Stock Tax liability $75,024 -371 -0.86% $202.22 42,549 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 -4,030 -100% $0.000000* 0 10 Mar 2022 Common Stock 4,030 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -1,021 -100% $0.000000* 0 10 Mar 2022 Common Stock 1,021 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -5,005 -50% $0.000000 5,005 10 Mar 2022 Common Stock 5,005 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -1,321 -50% $0.000000 1,321 10 Mar 2022 Common Stock 1,321 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -5,007 -33% $0.000000 10,014 10 Mar 2022 Common Stock 5,007 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -835 -33% $0.000000 1,668 10 Mar 2022 Common Stock 835 $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.