Thomas C. Leonard - Jun 1, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Director
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Jun 1, 2024
Transactions value $
$0
Form type
4
Date filed
6/3/2024, 08:45 AM
Previous filing
May 17, 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 +303 +2.73% 11.4K Jun 1, 2024 Direct F1

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 -303 -50% $0.00 303 Jun 1, 2024 Common Stock 303 $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents partial vesting of a restricted stock unit award on June 1, 2024 and delivery of shares of the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 15, 2024. The remainder of the shares vest in two installments on the last day of each of the Issuer's third and fourth quarters of fiscal 2024 provided the recipient continues to serve as a director of the Issuer.