Michael C. Colwell - 10 Mar 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$219,090
Form type
4
Filing time
12 Mar 2024, 07:35:45 UTC
Previous filing
07 Mar 2024
Next filing
13 Nov 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 +417 +24% 2,120 10 Mar 2024 Direct F1
transaction KAI Common Stock Tax liability $56,571 -173 -8.2% $327.00 1,947 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +69 +3.5% 2,016 10 Mar 2024 Direct F2
transaction KAI Common Stock Tax liability $9,483 -29 -1.4% $327.00 1,987 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +353 +18% 2,340 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $47,742 -146 -6.2% $327.00 2,194 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +78 +3.6% 2,272 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $10,791 -33 -1.5% $327.00 2,239 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +583 +26% 2,822 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $79,134 -242 -8.6% $327.00 2,580 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +112 +4.3% 2,692 10 Mar 2024 Direct F6
transaction KAI Common Stock Tax liability $15,369 -47 -1.7% $327.00 2,645 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 -417 -100% $0.000000* 0 10 Mar 2024 Common Stock 417 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -69 -100% $0.000000* 0 10 Mar 2024 Common Stock 69 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -353 -50% $0.000000 353 10 Mar 2024 Common Stock 353 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -78 -50% $0.000000 78 10 Mar 2024 Common Stock 78 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -583 -33% $0.000000 1,166 10 Mar 2024 Common Stock 583 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -112 -34% $0.000000 222 10 Mar 2024 Common Stock 112 $0.000000 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 perfomance-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.