Jonathan W. Painter - 01 Jun 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: 01 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Jun 2022, 16:04:36 UTC
Previous filing: 24 May 2022
Next filing: 03 Oct 2022
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		+471	+3.7%		13,277	01 Jun 2022	Direct	F1
holding	KAI	Common Stock						3	01 Jun 2022	By Son

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	-471	-50%	$0.000000	470	01 Jun 2022	Common Stock	471	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents partial vesting of restricted stock unit award on June 1, 2022 and delivery of shares to the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 18, 2022. The remainder of the shares vest in two equal installments on the last day of the Issuer's third and fourth quarters of fiscal 2022 provided the recipient continues to serve as a director of the Issuer.

Content

Represents partial vesting of restricted stock unit award on June 1, 2022 and delivery of shares to the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 18, 2022. The remainder of the shares vest in two equal installments on the last day of the Issuer's third and fourth quarters of fiscal 2022 provided the recipient continues to serve as a director of the Issuer.