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

Role
Executive Vice President & CFO
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$692,586
Form type
4
Filing time
12 Mar 2024, 07:36:57 UTC
Previous filing
07 Mar 2024
Next filing
29 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 +1,488 +6.7% 23,609 10 Mar 2024 Direct F1
transaction KAI Common Stock Tax liability $235,440 -720 -3% $327.00 22,889 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +248 +1.1% 23,137 10 Mar 2024 Direct F2
transaction KAI Common Stock Tax liability $39,240 -120 -0.52% $327.00 23,017 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +937 +4.1% 23,954 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $148,458 -454 -1.9% $327.00 23,500 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +207 +0.88% 23,707 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $33,027 -101 -0.43% $327.00 23,606 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +1,253 +5.3% 24,859 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $198,162 -606 -2.4% $327.00 24,253 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +240 +0.99% 24,493 10 Mar 2024 Direct F6
transaction KAI Common Stock Tax liability $38,259 -117 -0.48% $327.00 24,376 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 -1,488 -100% $0.000000* 0 10 Mar 2024 Common Stock 1,488 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -248 -100% $0.000000* 0 10 Mar 2024 Common Stock 248 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -937 -50% $0.000000 937 10 Mar 2024 Common Stock 937 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -207 -50% $0.000000 207 10 Mar 2024 Common Stock 207 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -1,253 -33% $0.000000 2,506 10 Mar 2024 Common Stock 1,253 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -240 -33% $0.000000 478 10 Mar 2024 Common Stock 240 $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 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.