Thomas Andrew Blanchard - Mar 10, 2024 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, 2024
Transactions value $
-$94,503
Form type
4
Date filed
3/12/2024, 07:31 AM
Previous 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 +128 +19.05% 800 Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$13.1K -40 -5% $327.00 760 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +261 +34.34% 1.02K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$26.2K -80 -7.84% $327.00 941 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +58 +6.16% 999 Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$5.89K -18 -1.8% $327.00 981 Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +411 +41.9% 1.39K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$41.2K -126 -9.05% $327.00 1.27K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +79 +6.24% 1.35K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$8.18K -25 -1.86% $327.00 1.32K Mar 10, 2024 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 -128 -100% $0.00* 0 Mar 10, 2024 Common Stock 128 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -261 -50.1% $0.00 260 Mar 10, 2024 Common Stock 261 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -58 -50.43% $0.00 57 Mar 10, 2024 Common Stock 58 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -411 -33.33% $0.00 822 Mar 10, 2024 Common Stock 411 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -79 -33.47% $0.00 157 Mar 10, 2024 Common Stock 79 $0.00 Direct F5
* 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 9, 2021. One-third of the RSU vested and became distributable on March 10, 2024 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 performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 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 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 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 performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 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 time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.