William P. Tully - Jun 1, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role: Director
Signature: /s/ Stacy D. Krause, by power of attorney
Stock symbol: KAI
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/1/2022, 04:08 PM
Previous filing: May 20, 2022
Next filing: Sep 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAI	Common Stock	Options Exercise		+471	+13.93%		3.85K	Jun 1, 2022	Direct	F1

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	-50.05%	$0.00	470	Jun 1, 2022	Common Stock	471	$0.00	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 a 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 each 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 a 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 each of the Issuer's third and fourth quarters of fiscal 2022 provided the recipient continues to serve as a director of the Issuer.