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

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$1,544,759
Form type
4
Date filed
3/11/2022, 08:11 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 +4.03K +12.22% 37K Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$362K -1.79K -4.83% $202.22 35.2K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.02K +2.9% 36.2K Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$91.6K -453 -1.25% $202.22 35.8K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +5.01K +13.99% 40.8K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$449K -2.22K -5.44% $202.22 38.6K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +1.32K +3.43% 39.9K Mar 10, 2022 Direct F4
transaction KAI Common Stock Tax liability -$119K -586 -1.47% $202.22 39.3K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +5.01K +12.74% 44.3K Mar 10, 2022 Direct F5
transaction KAI Common Stock Tax liability -$449K -2.22K -5.01% $202.22 42.1K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +835 +1.98% 42.9K Mar 10, 2022 Direct F6
transaction KAI Common Stock Tax liability -$75K -371 -0.86% $202.22 42.5K 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 -4.03K -100% $0.00* 0 Mar 10, 2022 Common Stock 4.03K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -1.02K -100% $0.00* 0 Mar 10, 2022 Common Stock 1.02K $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -5.01K -50% $0.00 5.01K Mar 10, 2022 Common Stock 5.01K $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -1.32K -50% $0.00 1.32K Mar 10, 2022 Common Stock 1.32K $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -5.01K -33.33% $0.00 10K Mar 10, 2022 Common Stock 5.01K $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -835 -33.36% $0.00 1.67K Mar 10, 2022 Common Stock 835 $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.