Fredrik H. Westerhout - Mar 10, 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$86,311
Form type
4
Date filed
3/10/2023, 03:07 PM
Previous filing
Mar 7, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +212 +14.52% 1.67K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$22.4K -105 -6.28% $213.64 1.57K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +130 +8.3% 1.7K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$13.9K -65 -3.83% $213.64 1.63K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +384 +23.53% 2.02K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$40.8K -191 -9.47% $213.64 1.83K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +85 +4.66% 1.91K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$9.19K -43 -2.25% $213.64 1.87K 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 -212 -100% $0.00* 0 Mar 10, 2023 Common Stock 212 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -130 -50% $0.00 130 Mar 10, 2023 Common Stock 130 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -384 -33.39% $0.00 766 Mar 10, 2023 Common Stock 384 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -85 -33.46% $0.00 169 Mar 10, 2023 Common Stock 85 $0.00 Direct F4
* 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 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.
F2 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.
F3 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.
F4 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.