Stacy D. Krause - 10 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
SVP, GC and Secretary
Signature
/s/ Stacy D. Krause
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$261,068
Form type
4
Filing time
10 Mar 2023, 15:10:11 UTC
Previous filing
07 Mar 2023
Next filing
14 Mar 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 +945 +121% 1,725 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $82,465 -386 -22% $213.64 1,339 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +249 +19% 1,588 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $20,937 -98 -6.2% $213.64 1,490 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +945 +63% 2,435 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $79,474 -372 -15% $213.64 2,063 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +158 +7.7% 2,221 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $13,459 -63 -2.8% $213.64 2,158 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +629 +29% 2,787 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $52,983 -248 -8.9% $213.64 2,539 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +139 +5.5% 2,678 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $11,750 -55 -2.1% $213.64 2,623 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 -945 -100% $0.000000* 0 10 Mar 2023 Common Stock 945 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -249 -100% $0.000000* 0 10 Mar 2023 Common Stock 249 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -945 -50% $0.000000 945 10 Mar 2023 Common Stock 945 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -158 -50% $0.000000 157 10 Mar 2023 Common Stock 158 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -629 -33% $0.000000 1,256 10 Mar 2023 Common Stock 629 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -139 -33% $0.000000 278 10 Mar 2023 Common Stock 139 $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.