Stacy D. Krause - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
SVP, GC and Secretary
Signature
/s/ Stacy D. Krause
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$397,632
Form type
4
Date filed
3/12/2024, 07:34 AM
Previous filing
Mar 7, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +945 945 Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$134K -410 -43.39% $327.00 535 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +157 +29.35% 692 Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$22.6K -69 -9.97% $327.00 623 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +628 +100.8% 1.25K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$89.3K -273 -21.82% $327.00 978 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +139 +14.21% 1.12K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$19.9K -61 -5.46% $327.00 1.06K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +779 +73.77% 1.84K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$111K -338 -18.42% $327.00 1.5K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +149 +9.95% 1.65K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$21.3K -65 -3.95% $327.00 1.58K 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 -945 -100% $0.00* 0 Mar 10, 2024 Common Stock 945 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -157 -100% $0.00* 0 Mar 10, 2024 Common Stock 157 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -628 -50% $0.00 628 Mar 10, 2024 Common Stock 628 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -139 -50% $0.00 139 Mar 10, 2024 Common Stock 139 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -779 -33.36% $0.00 1.56K Mar 10, 2024 Common Stock 779 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -149 -33.41% $0.00 297 Mar 10, 2024 Common Stock 149 $0.00 Direct F6
* 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 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.
F3 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.
F4 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.
F5 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.
F6 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.