Jeffrey L. Powell - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$2,273,958
Form type
4
Date filed
3/12/2024, 07:39 AM
Previous filing
Mar 7, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +5.01K +9.77% 56.3K Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$792K -2.42K -4.3% $327.00 53.8K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +834 +1.55% 54.7K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$132K -404 -0.74% $327.00 54.3K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +2.84K +5.23% 57.1K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$449K -1.37K -2.4% $327.00 55.7K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +627 +1.13% 56.4K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$99.4K -304 -0.54% $327.00 56K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +4.26K +7.6% 60.3K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$673K -2.06K -3.41% $327.00 58.2K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +813 +1.4% 59.1K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$129K -394 -0.67% $327.00 58.7K 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 -5.01K -100% $0.00* 0 Mar 10, 2024 Common Stock 5.01K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -834 -100% $0.00* 0 Mar 10, 2024 Common Stock 834 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -2.84K -50% $0.00 2.84K Mar 10, 2024 Common Stock 2.84K $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -627 -50% $0.00 627 Mar 10, 2024 Common Stock 627 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -4.26K -33.34% $0.00 8.51K Mar 10, 2024 Common Stock 4.26K $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -813 -33.33% $0.00 1.63K Mar 10, 2024 Common Stock 813 $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.