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

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$219,090
Form type
4
Date filed
3/12/2024, 07:35 AM
Previous filing
Mar 7, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +417 +24.49% 2.12K Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$56.6K -173 -8.16% $327.00 1.95K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +69 +3.54% 2.02K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$9.48K -29 -1.44% $327.00 1.99K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +353 +17.77% 2.34K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$47.7K -146 -6.24% $327.00 2.19K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +78 +3.56% 2.27K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$10.8K -33 -1.45% $327.00 2.24K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +583 +26.04% 2.82K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$79.1K -242 -8.58% $327.00 2.58K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +112 +4.34% 2.69K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$15.4K -47 -1.75% $327.00 2.65K 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 -417 -100% $0.00* 0 Mar 10, 2024 Common Stock 417 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -69 -100% $0.00* 0 Mar 10, 2024 Common Stock 69 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -353 -50% $0.00 353 Mar 10, 2024 Common Stock 353 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -78 -50% $0.00 78 Mar 10, 2024 Common Stock 78 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -583 -33.33% $0.00 1.17K Mar 10, 2024 Common Stock 583 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -112 -33.53% $0.00 222 Mar 10, 2024 Common Stock 112 $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 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.