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

Role
Senior Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$90,156
Form type
4
Date filed
3/10/2023, 03:11 PM
Previous filing
Mar 7, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +556 +14.91% 4.28K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$33.1K -155 -3.62% $213.64 4.13K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +146 +3.54% 4.28K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$8.76K -41 -0.96% $213.64 4.23K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +557 +13.15% 4.79K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$33.3K -156 -3.26% $213.64 4.64K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +93 +2.01% 4.73K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$5.55K -26 -0.55% $213.64 4.7K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +128 +2.72% 4.83K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$7.69K -36 -0.75% $213.64 4.79K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +28 +0.58% 4.82K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$1.71K -8 -0.17% $213.64 4.81K 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 -128 -33.42% $0.00 255 Mar 10, 2023 Common Stock 128 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -28 -33.33% $0.00 56 Mar 10, 2023 Common Stock 28 $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.