KADANT INC — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2021-05-19

Reporting Person: Russell Erin L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-19	Restricted Stock Unit	$0.0	A	1009	Acquired	2022-01-31	Common Stock (1009.0)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. 50% of the RSU vests on June 1, 2021 and the remainder vests in two equal installments on the last day of each of the Issuer's third and fourth quarters of fiscal 2021 provided the recipient continues to serve as a director of the Issuer.