Thomas Andrew Blanchard - 10 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$43,155
Form type
4
Filing time
10 Mar 2023, 15:13:21 UTC
Previous filing
07 Mar 2023
Next filing
19 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 +209 +25% 1,055 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $13,673 -64 -6.1% $213.64 991 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +129 +13% 1,120 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $8,546 -40 -3.6% $213.64 1,080 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +261 +24% 1,341 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $17,091 -80 -6% $213.64 1,261 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +58 +4.6% 1,319 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $3,846 -18 -1.4% $213.64 1,301 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 -209 -100% $0.000000* 0 10 Mar 2023 Common Stock 209 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -129 -50% $0.000000 128 10 Mar 2023 Common Stock 129 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -261 -33% $0.000000 521 10 Mar 2023 Common Stock 261 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -58 -34% $0.000000 115 10 Mar 2023 Common Stock 58 $0.000000 Direct F4
* 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 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.
F2 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.
F3 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.
F4 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.