Dara F. Mitchell - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior VP, Corp. Development
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$241,980
Form type
4
Date filed
3/12/2024, 07:38 AM
Previous filing
Mar 7, 2024
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +557 +224.6% 805 Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$77.2K -236 -29.32% $327.00 569 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +92 +16.17% 661 Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$12.8K -39 -5.9% $327.00 622 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +397 +63.83% 1.02K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$55.3K -169 -16.58% $327.00 850 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +88 +10.35% 938 Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$12.4K -38 -4.05% $327.00 900 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +509 +56.56% 1.41K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$70.6K -216 -15.33% $327.00 1.19K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +98 +8.21% 1.29K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$13.7K -42 -3.25% $327.00 1.25K 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 -557 -100% $0.00* 0 Mar 10, 2024 Common Stock 557 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -92 -100% $0.00* 0 Mar 10, 2024 Common Stock 92 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -397 -50% $0.00 397 Mar 10, 2024 Common Stock 397 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -88 -50% $0.00 88 Mar 10, 2024 Common Stock 88 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -509 -33.36% $0.00 1.02K Mar 10, 2024 Common Stock 509 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -98 -33.56% $0.00 194 Mar 10, 2024 Common Stock 98 $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.