Dara F. Mitchell - Mar 10, 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior VP, Corp. Development
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$115,793
Form type
4
Date filed
3/10/2023, 03:08 PM
Previous filing
Mar 7, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +556 +30.47% 2.38K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$35K -164 -6.89% $213.64 2.22K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +146 +6.59% 2.36K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$9.19K -43 -1.82% $213.64 2.32K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +557 +24.01% 2.88K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$35K -164 -5.7% $213.64 2.71K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +93 +3.43% 2.81K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$5.98K -28 -1% $213.64 2.78K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +398 +14.33% 3.18K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$25K -117 -3.68% $213.64 3.06K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +88 +2.88% 3.15K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$5.55K -26 -0.83% $213.64 3.12K 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 -556 -100% $0.00* 0 Mar 10, 2023 Common Stock 556 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -146 -100% $0.00* 0 Mar 10, 2023 Common Stock 146 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -557 -50% $0.00 557 Mar 10, 2023 Common Stock 557 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -93 -50.27% $0.00 92 Mar 10, 2023 Common Stock 93 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -398 -33.39% $0.00 794 Mar 10, 2023 Common Stock 398 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -88 -33.33% $0.00 176 Mar 10, 2023 Common Stock 88 $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.