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

Role
SVP, GC and Secretary
Signature
/s/ Stacy D. Krause
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$261,068
Form type
4
Date filed
3/10/2023, 03:10 PM
Previous filing
Mar 7, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +945 +121.15% 1.73K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$82.5K -386 -22.38% $213.64 1.34K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +249 +18.6% 1.59K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$20.9K -98 -6.17% $213.64 1.49K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +945 +63.42% 2.44K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$79.5K -372 -15.28% $213.64 2.06K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +158 +7.66% 2.22K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$13.5K -63 -2.84% $213.64 2.16K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +629 +29.15% 2.79K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$53K -248 -8.9% $213.64 2.54K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +139 +5.47% 2.68K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$11.8K -55 -2.05% $213.64 2.62K 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 -945 -100% $0.00* 0 Mar 10, 2023 Common Stock 945 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -249 -100% $0.00* 0 Mar 10, 2023 Common Stock 249 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -945 -50% $0.00 945 Mar 10, 2023 Common Stock 945 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -158 -50.16% $0.00 157 Mar 10, 2023 Common Stock 158 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -629 -33.37% $0.00 1.26K Mar 10, 2023 Common Stock 629 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -139 -33.33% $0.00 278 Mar 10, 2023 Common Stock 139 $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.