Deborah Selwood - 10 Mar 2023 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior Vice President & CAO
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2023
Net transactions value
-$83,747
Form type
4
Filing time
10 Mar 2023, 15:17:04 UTC
Previous filing
07 Mar 2023
Next filing
07 Mar 2024
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 +2.3% 18,237 10 Mar 2023 Direct F1
transaction KAI Common Stock Tax liability $26,278 -123 -0.67% $213.64 18,114 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +110 +0.61% 18,224 10 Mar 2023 Direct F2
transaction KAI Common Stock Tax liability $7,050 -33 -0.18% $213.64 18,191 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +417 +2.3% 18,608 10 Mar 2023 Direct F3
transaction KAI Common Stock Tax liability $26,278 -123 -0.66% $213.64 18,485 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +70 +0.38% 18,555 10 Mar 2023 Direct F4
transaction KAI Common Stock Tax liability $4,486 -21 -0.11% $213.64 18,534 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +253 +1.4% 18,787 10 Mar 2023 Direct F5
transaction KAI Common Stock Tax liability $16,023 -75 -0.4% $213.64 18,712 10 Mar 2023 Direct
transaction KAI Common Stock Options Exercise +56 +0.3% 18,768 10 Mar 2023 Direct F6
transaction KAI Common Stock Tax liability $3,632 -17 -0.09% $213.64 18,751 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 -253 -33% $0.000000 506 10 Mar 2023 Common Stock 253 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -56 -33% $0.000000 112 10 Mar 2023 Common Stock 56 $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.