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

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$86,311
Form type
4
Filing time
10 Mar 2023, 15:07:11 UTC
Previous filing
07 Mar 2023
Next filing
13 Jun 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 +212 +15% 1,672 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $22,432 -105 -6.3% $213.64 1,567 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +130 +8.3% 1,697 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $13,887 -65 -3.8% $213.64 1,632 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +384 +24% 2,016 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $40,805 -191 -9.5% $213.64 1,825 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +85 +4.7% 1,910 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $9,187 -43 -2.3% $213.64 1,867 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 -212 -100% $0.000000* 0 10 Mar 2023 Common Stock 212 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -130 -50% $0.000000 130 10 Mar 2023 Common Stock 130 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -384 -33% $0.000000 766 10 Mar 2023 Common Stock 384 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -85 -33% $0.000000 169 10 Mar 2023 Common Stock 85 $0.000000 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.