Michael C. Colwell - Mar 10, 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2023
Transactions value $
-$109,597
Form type
4
Date filed
3/10/2023, 03:15 PM
Previous filing
Mar 7, 2023
Next filing
Sep 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +417 +15.33% 3.14K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$31.6K -148 -4.72% $213.64 2.99K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +110 +3.68% 3.1K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$8.33K -39 -1.26% $213.64 3.06K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +417 +13.62% 3.48K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$31.6K -148 -4.26% $213.64 3.33K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +70 +2.1% 3.4K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$5.34K -25 -0.74% $213.64 3.38K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +353 +10.46% 3.73K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$26.7K -125 -3.35% $213.64 3.6K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +78 +2.16% 3.68K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$5.98K -28 -0.76% $213.64 3.65K 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 -417 -100% $0.00* 0 Mar 10, 2023 Common Stock 417 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -110 -100% $0.00* 0 Mar 10, 2023 Common Stock 110 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -50% $0.00 417 Mar 10, 2023 Common Stock 417 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -70 -50.36% $0.00 69 Mar 10, 2023 Common Stock 70 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -353 -33.33% $0.00 706 Mar 10, 2023 Common Stock 353 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -78 -33.33% $0.00 156 Mar 10, 2023 Common Stock 78 $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.