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

Role
Executive Vice President & CFO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$692,586
Form type
4
Date filed
3/12/2024, 07:36 AM
Previous filing
Mar 7, 2024
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +1.49K +6.73% 23.6K Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$235K -720 -3.05% $327.00 22.9K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +248 +1.08% 23.1K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$39.2K -120 -0.52% $327.00 23K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +937 +4.07% 24K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$148K -454 -1.9% $327.00 23.5K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +207 +0.88% 23.7K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$33K -101 -0.43% $327.00 23.6K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +1.25K +5.31% 24.9K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$198K -606 -2.44% $327.00 24.3K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +240 +0.99% 24.5K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$38.3K -117 -0.48% $327.00 24.4K 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 -1.49K -100% $0.00* 0 Mar 10, 2024 Common Stock 1.49K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -100% $0.00* 0 Mar 10, 2024 Common Stock 248 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -937 -50% $0.00 937 Mar 10, 2024 Common Stock 937 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -207 -50% $0.00 207 Mar 10, 2024 Common Stock 207 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -1.25K -33.33% $0.00 2.51K Mar 10, 2024 Common Stock 1.25K $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -240 -33.43% $0.00 478 Mar 10, 2024 Common Stock 240 $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.