Thomas Andrew Blanchard - Mar 10, 2023 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, 2023
Transactions value $: -$43,155
Form type: 4
Date filed: 3/10/2023, 03:13 PM
Previous filing: Mar 7, 2023
Next filing: Sep 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAI	Common Stock	Options Exercise		+209	+24.7%		1.06K	Mar 10, 2023	Direct	F1
transaction	KAI	Common Stock	Tax liability	-$13.7K	-64	-6.07%	$213.64	991	Mar 10, 2023	Direct
transaction	KAI	Common Stock	Options Exercise		+129	+13.02%		1.12K	Mar 10, 2023	Direct	F2
transaction	KAI	Common Stock	Tax liability	-$8.55K	-40	-3.57%	$213.64	1.08K	Mar 10, 2023	Direct
transaction	KAI	Common Stock	Options Exercise		+261	+24.17%		1.34K	Mar 10, 2023	Direct	F3
transaction	KAI	Common Stock	Tax liability	-$17.1K	-80	-5.97%	$213.64	1.26K	Mar 10, 2023	Direct
transaction	KAI	Common Stock	Options Exercise		+58	+4.6%		1.32K	Mar 10, 2023	Direct	F4
transaction	KAI	Common Stock	Tax liability	-$3.85K	-18	-1.36%	$213.64	1.3K	Mar 10, 2023	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	-209	-100%	$0.00^*	0	Mar 10, 2023	Common Stock	209	$0.00	Direct	F1
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-129	-50.19%	$0.00	128	Mar 10, 2023	Common Stock	129	$0.00	Direct	F2
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-261	-33.38%	$0.00	521	Mar 10, 2023	Common Stock	261	$0.00	Direct	F3
transaction	KAI	Restricted Stock Unit	Options Exercise	$0	-58	-33.53%	$0.00	115	Mar 10, 2023	Common Stock	58	$0.00	Direct	F4

* 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 2, 2020. One-third of the RSU vested and became distributable on March 10, 2023 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, 2023 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, 2023 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, 2023 and was converted to common stock on a one-for-one basis on the vesting date.