Eric T. Langevin - Mar 31, 2022 Form 4 Insider Report for KADANT INC (KAI)

Role
Executive Vice President & COO
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 31, 2022
Transactions value $
-$162,889
Form type
4
Date filed
4/1/2022, 08:22 AM
Previous filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +1.49K +4.66% 33.4K Mar 31, 2022 Direct F1
transaction KAI Common Stock Tax liability -$129K -660 -1.98% $195.31 32.7K Mar 31, 2022 Direct
transaction KAI Common Stock Options Exercise +392 +1.2% 33.1K Mar 31, 2022 Direct F2
transaction KAI Common Stock Tax liability -$34K -174 -0.53% $195.31 33K Mar 31, 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 -1.49K -100% $0.00* 0 Mar 31, 2022 Common Stock 1.49K $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -392 -100% $0.00* 0 Mar 31, 2022 Common Stock 392 $0.00 Direct F2
transaction KAI Restricted Stock Unit Disposed to Issuer $0 -2.98K -100% $0.00* 0 Mar 31, 2022 Common Stock 2.98K $0.00 Direct F3
transaction KAI Restricted Stock Unit Disposed to Issuer $0 -496 -100% $0.00* 0 Mar 31, 2022 Common Stock 496 $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric T. Langevin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 2, 2020. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated October 27, 2021 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
F2 The shares represent the settlement under a time-based RSU award granted March 2, 2020. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
F3 The shares represent the forfeiture under a performance-based RSU award granted March 9, 2021.
F4 The shares represent the forfeiture under a time-based RSU award granted March 9, 2021.