Thomas Andrew Blanchard - Mar 10, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2022
Transactions value $
-$32,153
Form type
4
Date filed
3/11/2022, 07:57 AM
Previous filing
Mar 8, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +215 +47.57% 667 Mar 10, 2022 Direct F1
transaction KAI Common Stock Tax liability -$12.5K -62 -9.3% $202.22 605 Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +209 +34.55% 814 Mar 10, 2022 Direct F2
transaction KAI Common Stock Tax liability -$12.1K -60 -7.37% $202.22 754 Mar 10, 2022 Direct
transaction KAI Common Stock Options Exercise +129 +17.11% 883 Mar 10, 2022 Direct F3
transaction KAI Common Stock Tax liability -$7.48K -37 -4.19% $202.22 846 Mar 10, 2022 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 -215 -100% $0.00* 0 Mar 10, 2022 Common Stock 215 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -209 -50% $0.00 209 Mar 10, 2022 Common Stock 209 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -129 -33.42% $0.00 257 Mar 10, 2022 Common Stock 129 $0.00 Direct F3
* 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 time-based RSU award granted March 4, 2019. One-third of the RSU vested and became distributable on March 10, 2022 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 2, 2020. One-third of the RSU vested and became distributable on March 10, 2022 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 time-based RSU award granted March 9, 2021. One-third of the RSU vested and became distributable on March 10, 2022 and was converted to common stock on a one-for-one basis on the vesting date.