Michael J. Mckenney - Mar 10, 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Executive Vice President & CFO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$402,711
Form type
4
Date filed
3/10/2023, 03:04 PM
Previous filing
Mar 7, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +1.49K +6.17% 25.6K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$127K -594 -2.32% $213.64 25K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +392 +1.57% 25.4K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$33.1K -155 -0.61% $213.64 25.2K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +1.49K +5.89% 26.7K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$125K -586 -2.19% $213.64 26.1K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +248 +0.95% 26.4K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$20.9K -98 -0.37% $213.64 26.3K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +938 +3.57% 27.2K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$79K -370 -1.36% $213.64 26.9K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +208 +0.77% 27.1K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$17.5K -82 -0.3% $213.64 27K Mar 10, 2023 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 -1.49K -100% $0.00* 0 Mar 10, 2023 Common Stock 1.49K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -392 -100% $0.00* 0 Mar 10, 2023 Common Stock 392 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -1.49K -50% $0.00 1.49K Mar 10, 2023 Common Stock 1.49K $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -50% $0.00 248 Mar 10, 2023 Common Stock 248 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -938 -33.36% $0.00 1.87K Mar 10, 2023 Common Stock 938 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -208 -33.44% $0.00 414 Mar 10, 2023 Common Stock 208 $0.00 Direct F6
* 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 performance-based RSU award granted March 2, 2020. One-third of the RSU vested and became distributable on March 10, 2023 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, 2023 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 performance-based RSU award granted March 9, 2021. One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.
F4 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, 2023 and was converted to common stock on a one-for-one basis on the vesting date.
F5 The shares represent the partial settlement under a performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.
F6 The shares represent the partial settlement under a time-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.