Fredrik H. Westerhout - 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: -$56,217
Form type: 4
Filing time: 11 Mar 2022, 08:15:39 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		+218	+19%		1,395	10 Mar 2022	Direct	F1
transaction	KAI	Common Stock	Tax liability	$21,840	-108	-7.7%	$202.22	1,287	10 Mar 2022	Direct
transaction	KAI	Common Stock	Options Exercise		+212	+16%		1,499	10 Mar 2022	Direct	F2
transaction	KAI	Common Stock	Tax liability	$21,233	-105	-7%	$202.22	1,394	10 Mar 2022	Direct
transaction	KAI	Common Stock	Options Exercise		+131	+9.4%		1,525	10 Mar 2022	Direct	F3
transaction	KAI	Common Stock	Tax liability	$13,144	-65	-4.3%	$202.22	1,460	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	-218	-100%	$0.000000^*	0	10 Mar 2022	Common Stock	218	$0.000000	Direct	F1
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-212	-50%	$0.000000	212	10 Mar 2022	Common Stock	212	$0.000000	Direct	F2
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-131	-34%	$0.000000	260	10 Mar 2022	Common Stock	131	$0.000000	Direct	F3

* 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 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.
F3	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, 2021 and was converted to common stock on a one-for-one basis on the vesting date.