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

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$1,481,380
Form type
4
Date filed
3/10/2023, 03:05 PM
Previous filing
Mar 7, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +5.01K +11.76% 47.6K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$474K -2.22K -4.67% $213.64 45.3K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +1.32K +2.91% 46.7K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$125K -586 -1.26% $213.64 46.1K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +5.01K +10.87% 51.1K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$474K -2.22K -4.35% $213.64 48.9K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +834 +1.71% 49.7K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$79K -370 -0.74% $213.64 49.3K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +2.84K +5.75% 52.2K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$269K -1.26K -2.41% $213.64 50.9K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +628 +1.23% 51.5K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$59.6K -279 -0.54% $213.64 51.2K 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 -5.01K -100% $0.00* 0 Mar 10, 2023 Common Stock 5.01K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -1.32K -100% $0.00* 0 Mar 10, 2023 Common Stock 1.32K $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -5.01K -50% $0.00 5.01K Mar 10, 2023 Common Stock 5.01K $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -834 -50% $0.00 834 Mar 10, 2023 Common Stock 834 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -2.84K -33.33% $0.00 5.67K Mar 10, 2023 Common Stock 2.84K $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -628 -33.37% $0.00 1.25K Mar 10, 2023 Common Stock 628 $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.