Thomas C. Leonard - 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, 04:11 PM
Previous filing
Jun 2, 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 +1.84% 12K 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, 203 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 reciepient continues to serve as a director of the Issuer.