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

Role
President & CEO, Director
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$2,273,958
Form type
4
Filing time
12 Mar 2024, 07:39:46 UTC
Previous filing
07 Mar 2024
Next filing
17 Sep 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 +5,007 +9.8% 56,253 10 Mar 2024 Direct F1
transaction KAI Common Stock Tax liability $791,667 -2,421 -4.3% $327.00 53,832 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +834 +1.5% 54,666 10 Mar 2024 Direct F2
transaction KAI Common Stock Tax liability $132,108 -404 -0.74% $327.00 54,262 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +2,836 +5.2% 57,098 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $448,644 -1,372 -2.4% $327.00 55,726 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +627 +1.1% 56,353 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $99,408 -304 -0.54% $327.00 56,049 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +4,258 +7.6% 60,307 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $673,293 -2,059 -3.4% $327.00 58,248 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +813 +1.4% 59,061 10 Mar 2024 Direct F6
transaction KAI Common Stock Tax liability $128,838 -394 -0.67% $327.00 58,667 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 -5,007 -100% $0.000000* 0 10 Mar 2024 Common Stock 5,007 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -834 -100% $0.000000* 0 10 Mar 2024 Common Stock 834 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -2,836 -50% $0.000000 2,836 10 Mar 2024 Common Stock 2,836 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -627 -50% $0.000000 627 10 Mar 2024 Common Stock 627 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -4,258 -33% $0.000000 8,514 10 Mar 2024 Common Stock 4,258 $0.000000 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -813 -33% $0.000000 1,626 10 Mar 2024 Common Stock 813 $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.