Michael J. Mckenney - 10 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
10 Mar 2023
Net transactions value
-$402,711
Form type
4
Filing time
10 Mar 2023, 15:04:03 UTC
Previous filing
07 Mar 2023
Next filing
16 Mar 2023
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 +1,488 +6.2% 25,599 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $126,902 -594 -2.3% $213.64 25,005 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +392 +1.6% 25,397 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $33,114 -155 -0.61% $213.64 25,242 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +1,488 +5.9% 26,730 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $125,193 -586 -2.2% $213.64 26,144 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +248 +0.95% 26,392 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $20,937 -98 -0.37% $213.64 26,294 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +938 +3.6% 27,232 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $79,047 -370 -1.4% $213.64 26,862 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +208 +0.77% 27,070 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $17,518 -82 -0.3% $213.64 26,988 10 Mar 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 -1,488 -100% $0.000000* 0 10 Mar 2023 Common Stock 1,488 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -392 -100% $0.000000* 0 10 Mar 2023 Common Stock 392 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -1,488 -50% $0.000000 1,488 10 Mar 2023 Common Stock 1,488 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -50% $0.000000 248 10 Mar 2023 Common Stock 248 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -938 -33% $0.000000 1,874 10 Mar 2023 Common Stock 938 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -208 -33% $0.000000 414 10 Mar 2023 Common Stock 208 $0.000000 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.