Michael C. Colwell - 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
-$109,597
Form type
4
Filing time
10 Mar 2023, 15:15:16 UTC
Previous filing
07 Mar 2023
Next filing
26 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 +417 +15% 3,138 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $31,619 -148 -4.7% $213.64 2,990 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +110 +3.7% 3,100 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $8,332 -39 -1.3% $213.64 3,061 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +417 +14% 3,478 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $31,619 -148 -4.3% $213.64 3,330 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +70 +2.1% 3,400 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $5,341 -25 -0.74% $213.64 3,375 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +353 +10% 3,728 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $26,705 -125 -3.4% $213.64 3,603 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +78 +2.2% 3,681 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $5,982 -28 -0.76% $213.64 3,653 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 -417 -100% $0.000000* 0 10 Mar 2023 Common Stock 417 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -110 -100% $0.000000* 0 10 Mar 2023 Common Stock 110 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -50% $0.000000 417 10 Mar 2023 Common Stock 417 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -70 -50% $0.000000 69 10 Mar 2023 Common Stock 70 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -353 -33% $0.000000 706 10 Mar 2023 Common Stock 353 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -78 -33% $0.000000 156 10 Mar 2023 Common Stock 78 $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.