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

Role
Senior VP, Corp. Development
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$241,980
Form type
4
Filing time
12 Mar 2024, 07:38:19 UTC
Previous filing
07 Mar 2024
Next filing
19 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 +557 +225% 805 10 Mar 2024 Direct F1
transaction KAI Common Stock Tax liability $77,172 -236 -29% $327.00 569 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +92 +16% 661 10 Mar 2024 Direct F2
transaction KAI Common Stock Tax liability $12,753 -39 -5.9% $327.00 622 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +397 +64% 1,019 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $55,263 -169 -17% $327.00 850 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +88 +10% 938 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $12,426 -38 -4.1% $327.00 900 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +509 +57% 1,409 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $70,632 -216 -15% $327.00 1,193 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +98 +8.2% 1,291 10 Mar 2024 Direct F6
transaction KAI Common Stock Tax liability $13,734 -42 -3.3% $327.00 1,249 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 -557 -100% $0.000000* 0 10 Mar 2024 Common Stock 557 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -92 -100% $0.000000* 0 10 Mar 2024 Common Stock 92 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -397 -50% $0.000000 397 10 Mar 2024 Common Stock 397 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -88 -50% $0.000000 88 10 Mar 2024 Common Stock 88 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -509 -33% $0.000000 1,017 10 Mar 2024 Common Stock 509 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -98 -34% $0.000000 194 10 Mar 2024 Common Stock 98 $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.