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

Role
Senior VP, Corp. Development
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$115,793
Form type
4
Filing time
10 Mar 2023, 15:08:37 UTC
Previous filing
07 Mar 2023
Next filing
17 May 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 +556 +30% 2,381 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $35,037 -164 -6.9% $213.64 2,217 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +146 +6.6% 2,363 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $9,187 -43 -1.8% $213.64 2,320 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +557 +24% 2,877 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $35,037 -164 -5.7% $213.64 2,713 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +93 +3.4% 2,806 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $5,982 -28 -1% $213.64 2,778 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +398 +14% 3,176 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $24,996 -117 -3.7% $213.64 3,059 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +88 +2.9% 3,147 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $5,555 -26 -0.83% $213.64 3,121 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 -556 -100% $0.000000* 0 10 Mar 2023 Common Stock 556 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -146 -100% $0.000000* 0 10 Mar 2023 Common Stock 146 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -557 -50% $0.000000 557 10 Mar 2023 Common Stock 557 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -93 -50% $0.000000 92 10 Mar 2023 Common Stock 93 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -398 -33% $0.000000 794 10 Mar 2023 Common Stock 398 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -88 -33% $0.000000 176 10 Mar 2023 Common Stock 88 $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.