Fredrik H. Westerhout - Mar 10, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$56,217
Form type
4
Date filed
3/11/2022, 08:15 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 +218 +18.52% 1.4K Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$21.8K -108 -7.74% $202.22 1.29K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +212 +16.47% 1.5K Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$21.2K -105 -7% $202.22 1.39K Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +131 +9.4% 1.53K Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$13.1K -65 -4.26% $202.22 1.46K 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 -218 -100% $0.00* 0 Mar 10, 2022 Common Stock 218 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -212 -50% $0.00 212 Mar 10, 2022 Common Stock 212 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -131 -33.5% $0.00 260 Mar 10, 2022 Common Stock 131 $0.00 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.