Peter J. Flynn - 10 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$90,156
Form type
4
Filing time
10 Mar 2023, 15:11:37 UTC
Previous filing
07 Mar 2023
Next filing
01 Sep 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 +15% 4,285 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $33,114 -155 -3.6% $213.64 4,130 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +146 +3.5% 4,276 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $8,759 -41 -0.96% $213.64 4,235 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +557 +13% 4,792 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $33,328 -156 -3.3% $213.64 4,636 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +93 +2% 4,729 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $5,555 -26 -0.55% $213.64 4,703 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +128 +2.7% 4,831 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $7,691 -36 -0.75% $213.64 4,795 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +28 +0.58% 4,823 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $1,709 -8 -0.17% $213.64 4,815 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 -128 -33% $0.000000 255 10 Mar 2023 Common Stock 128 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -28 -33% $0.000000 56 10 Mar 2023 Common Stock 28 $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.