Peter J. Flynn - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$91,887
Form type
4
Date filed
3/12/2024, 07:32 AM
Previous filing
Sep 1, 2023
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +557 +15.97% 4.04K Mar 10, 2024 Direct F1, F2
transaction KAI Common Stock Tax liability -$51K -156 -3.86% $327.00 3.89K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +92 +2.37% 3.98K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$8.5K -26 -0.65% $327.00 3.95K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +128 +3.24% 4.08K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$11.8K -36 -0.88% $327.00 4.05K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +28 +0.69% 4.07K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$2.62K -8 -0.2% $327.00 4.07K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +164 +4.03% 4.23K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$15K -46 -1.09% $327.00 4.18K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +31 +0.74% 4.22K Mar 10, 2024 Direct F7
transaction KAI Common Stock Tax liability -$2.94K -9 -0.21% $327.00 4.21K Mar 10, 2024 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 -557 -100% $0.00* 0 Mar 10, 2024 Common Stock 557 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -92 -100% $0.00* 0 Mar 10, 2024 Common Stock 92 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -128 -50.2% $0.00 127 Mar 10, 2024 Common Stock 128 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -28 -50% $0.00 28 Mar 10, 2024 Common Stock 28 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -164 -33.47% $0.00 326 Mar 10, 2024 Common Stock 164 $0.00 Direct F6
transaction KAI Restricted Stock Unit Options Exercise $0 -31 -33.33% $0.00 62 Mar 10, 2024 Common Stock 31 $0.00 Direct F7
* 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 9, 2021. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F2 Includes 107 shares acquired in an exempt transaction pursuant to the Issuer's Employees' Stock Purchse Plan on December 31, 2023.
F3 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, 2024 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 performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 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 time-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 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 performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F7 The shares represent the partial settlement under a time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.