Erin L. Russell - Sep 30, 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
Sep 30, 2023
Transactions value $
$0
Form type
4
Date filed
10/2/2023, 04:06 PM
Previous filing
Sep 14, 2023
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +217 +5.2% 4.39K Sep 30, 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 -217 -50% $0.00 217 Sep 30, 2023 Common Stock 217 $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 September 30, 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 on the last day of the Issuer's fourth quarter of fiscal 2023 provided the recipient continues to serve as a director of the Issuer.