Deborah Selwood - Mar 10, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior Vice President & CAO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$94,235
Form type
4
Date filed
3/11/2022, 08:13 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 +447 +2.69% 17.1K Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$26.7K -132 -0.77% $202.22 16.9K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +113 +0.67% 17K Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$6.88K -34 -0.2% $202.22 17K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +417 +2.45% 17.4K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$24.9K -123 -0.71% $202.22 17.3K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +110 +0.64% 17.4K Mar 10, 2022 Direct F4
transaction KAI Common Stock Tax liability -$6.67K -33 -0.19% $202.22 17.4K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +417 +2.4% 17.8K Mar 10, 2022 Direct F5
transaction KAI Common Stock Tax liability -$24.9K -123 -0.69% $202.22 17.7K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +70 +0.4% 17.7K Mar 10, 2022 Direct F6
transaction KAI Common Stock Tax liability -$4.25K -21 -0.12% $202.22 17.7K 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 -447 -100% $0.00* 0 Mar 10, 2022 Common Stock 447 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -113 -100% $0.00* 0 Mar 10, 2022 Common Stock 113 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -50% $0.00 417 Mar 10, 2022 Common Stock 417 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -110 -50% $0.00 110 Mar 10, 2022 Common Stock 110 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -33.33% $0.00 834 Mar 10, 2022 Common Stock 417 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -70 -33.49% $0.00 139 Mar 10, 2022 Common Stock 70 $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.