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

Role
Senior Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$91,887
Form type
4
Filing time
12 Mar 2024, 07:32:31 UTC
Previous filing
01 Sep 2023
Next filing
15 Aug 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 +557 +16% 4,045 10 Mar 2024 Direct F1, F2
transaction KAI Common Stock Tax liability $51,012 -156 -3.9% $327.00 3,889 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +92 +2.4% 3,981 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $8,502 -26 -0.65% $327.00 3,955 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +128 +3.2% 4,083 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $11,772 -36 -0.88% $327.00 4,047 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +28 +0.69% 4,075 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $2,616 -8 -0.2% $327.00 4,067 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +164 +4% 4,231 10 Mar 2024 Direct F6
transaction KAI Common Stock Tax liability $15,042 -46 -1.1% $327.00 4,185 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +31 +0.74% 4,216 10 Mar 2024 Direct F7
transaction KAI Common Stock Tax liability $2,943 -9 -0.21% $327.00 4,207 10 Mar 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% $0.000000* 0 10 Mar 2024 Common Stock 557 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -92 -100% $0.000000* 0 10 Mar 2024 Common Stock 92 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -128 -50% $0.000000 127 10 Mar 2024 Common Stock 128 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -28 -50% $0.000000 28 10 Mar 2024 Common Stock 28 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -164 -33% $0.000000 326 10 Mar 2024 Common Stock 164 $0.000000 Direct F6
transaction KAI Restricted Stock Unit Options Exercise $0 -31 -33% $0.000000 62 10 Mar 2024 Common Stock 31 $0.000000 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.