MICHAEL J. MCKENNEY - 07 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role: Executive Vice President & CFO
Signature: /s/ Stacy D. Krause, by power of attorney
Issuer symbol: KAI
Transactions as of: 07 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 07 Mar 2023, 16:27:40 UTC
Previous filing: 11 Mar 2022
Next filing: 10 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAI	Common Stock						24,111	07 Mar 2023	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	Award	$0	+2,871		$0.000000	2,871	07 Mar 2023	Common Stock	2,871	$0.000000	Direct	F2
transaction	KAI	Restricted Stock Unit	Award	$0	+718		$0.000000	718	07 Mar 2023	Common Stock	718	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 108 shares acquired in an exempt transaction pursuant to the Issuer's Employees' Stock Purchase Plan on December 31, 2022.
F2	Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installments beginning on March 10, 2024, provided that the Issuer meets certain performance requirements for fiscal 2023 and the reporting person is employed by the Issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
F3	This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2024, provided the reporting person is employed by the Issuer on the vesting date.