Deborah Selwood - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Senior Vice President & CAO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$112,488
Form type
4
Date filed
3/12/2024, 07:41 AM
Previous filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +417 +2.21% 19.3K Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$40.2K -123 -0.64% $327.00 19.2K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +69 +0.36% 19.3K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$6.87K -21 -0.11% $327.00 19.2K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +253 +1.32% 19.5K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$24.5K -75 -0.38% $327.00 19.4K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +56 +0.29% 19.5K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$5.56K -17 -0.09% $327.00 19.5K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +304 +1.56% 19.8K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$29.4K -90 -0.46% $327.00 19.7K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +58 +0.29% 19.7K Mar 10, 2024 Direct F6
transaction KAI Common Stock Tax liability -$5.89K -18 -0.09% $327.00 19.7K 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 -417 -100% $0.00* 0 Mar 10, 2024 Common Stock 417 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -69 -100% $0.00* 0 Mar 10, 2024 Common Stock 69 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -253 -50% $0.00 253 Mar 10, 2024 Common Stock 253 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -56 -50% $0.00 56 Mar 10, 2024 Common Stock 56 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -304 -33.41% $0.00 606 Mar 10, 2024 Common Stock 304 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -58 -33.33% $0.00 116 Mar 10, 2024 Common Stock 58 $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.