THOMAS C. LEONARD - 18 May 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Director
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
18 May 2022
Transactions value $
$0
Form type
4
Filing time
20 May 2022, 16:08:05 UTC
Previous filing
04 Jan 2022
Next filing
01 Jun 2022
SEC
View on sec.gov

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 Award $0 +941 $0.00 941 18 May 2022 Common Stock 941 $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. 50% of the RSU vests on June 1, 2022 and the remainder vests in two equal installments on the last day of each of the Issuer's third and fourth quarters of fiscal 2022 provided the recipient continues to serve as a director of the Issuer.