Thomas C. Leonard - Jun 1, 2023 Form 4 Insider Report for KADANT INC (KAI)

Role: Director
Signature: /s/ Stacy D. Krause, by power of attorney
Stock symbol: KAI
Transactions as of: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/2/2023, 08:43 AM
Previous filing: May 18, 2023
Next filing: Oct 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAI	Common Stock	Options Exercise		+434	+3.82%		11.8K	Jun 1, 2023	Direct	F1

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	-434	-50%	$0.00	434	Jun 1, 2023	Common Stock	434	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents partial vesting of a restricted stock unit award on June 1, 2023 and delivery of shares to the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 17, 2023. The remainder of the shares vest in two equal installments on the last day of the Issuer's third and fourth quarters of fiscal 2023 provided the recipient continues to serve as a director of the Issuer.

Content

Represents partial vesting of a restricted stock unit award on June 1, 2023 and delivery of shares to the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 17, 2023. The remainder of the shares vest in two equal installments on the last day of the Issuer's third and fourth quarters of fiscal 2023 provided the recipient continues to serve as a director of the Issuer.