Jeffrey L. Powell - 10 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$1,481,380
Form type
4
Filing time
10 Mar 2023, 15:05:38 UTC
Previous filing
07 Mar 2023
Next filing
07 Mar 2024
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 +5,005 +12% 47,554 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $474,281 -2,220 -4.7% $213.64 45,334 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +1,321 +2.9% 46,655 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $125,193 -586 -1.3% $213.64 46,069 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +5,007 +11% 51,076 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $474,494 -2,221 -4.3% $213.64 48,855 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +834 +1.7% 49,689 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $79,047 -370 -0.74% $213.64 49,319 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +2,836 +5.8% 52,155 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $268,759 -1,258 -2.4% $213.64 50,897 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +628 +1.2% 51,525 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $59,606 -279 -0.54% $213.64 51,246 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 -5,005 -100% $0.000000* 0 10 Mar 2023 Common Stock 5,005 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -1,321 -100% $0.000000* 0 10 Mar 2023 Common Stock 1,321 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -5,007 -50% $0.000000 5,007 10 Mar 2023 Common Stock 5,007 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -834 -50% $0.000000 834 10 Mar 2023 Common Stock 834 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -2,836 -33% $0.000000 5,672 10 Mar 2023 Common Stock 2,836 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -628 -33% $0.000000 1,254 10 Mar 2023 Common Stock 628 $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.