Deborah Selwood - Mar 10, 2023 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, 2023
Transactions value $
-$83,747
Form type
4
Date filed
3/10/2023, 03:17 PM
Previous filing
Mar 7, 2023
Next 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 +2.34% 18.2K Mar 10, 2023 Direct F1
transaction KAI Common Stock Tax liability -$26.3K -123 -0.67% $213.64 18.1K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +110 +0.61% 18.2K Mar 10, 2023 Direct F2
transaction KAI Common Stock Tax liability -$7.05K -33 -0.18% $213.64 18.2K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +417 +2.29% 18.6K Mar 10, 2023 Direct F3
transaction KAI Common Stock Tax liability -$26.3K -123 -0.66% $213.64 18.5K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +70 +0.38% 18.6K Mar 10, 2023 Direct F4
transaction KAI Common Stock Tax liability -$4.49K -21 -0.11% $213.64 18.5K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +253 +1.37% 18.8K Mar 10, 2023 Direct F5
transaction KAI Common Stock Tax liability -$16K -75 -0.4% $213.64 18.7K Mar 10, 2023 Direct
transaction KAI Common Stock Options Exercise +56 +0.3% 18.8K Mar 10, 2023 Direct F6
transaction KAI Common Stock Tax liability -$3.63K -17 -0.09% $213.64 18.8K 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 -417 -100% $0.00* 0 Mar 10, 2023 Common Stock 417 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -110 -100% $0.00* 0 Mar 10, 2023 Common Stock 110 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -417 -50% $0.00 417 Mar 10, 2023 Common Stock 417 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -70 -50.36% $0.00 69 Mar 10, 2023 Common Stock 70 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -253 -33.33% $0.00 506 Mar 10, 2023 Common Stock 253 $0.00 Direct F5
transaction KAI Restricted Stock Unit Options Exercise $0 -56 -33.33% $0.00 112 Mar 10, 2023 Common Stock 56 $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 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 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.
F3 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, 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 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.
F5 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.
F6 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.