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KADANT INC — Director's Dealing 2022
Mar 11, 2022
31258_dirs_2022-03-11_5680504c-5c49-4c20-b3e1-515622d0835c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2022-03-10
Reporting Person: Westerhout Fredrik H (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-10 | Common Stock | M | 218 | — | Acquired | 1395 | Direct |
| 2022-03-10 | Common Stock | F | 108 | $202.22 | Disposed | 1287 | Direct |
| 2022-03-10 | Common Stock | M | 212 | — | Acquired | 1499 | Direct |
| 2022-03-10 | Common Stock | F | 105 | $202.22 | Disposed | 1394 | Direct |
| 2022-03-10 | Common Stock | M | 131 | — | Acquired | 1525 | Direct |
| 2022-03-10 | Common Stock | F | 65 | $202.22 | Disposed | 1460 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-10 | Restricted Stock Unit | $0.0 | M | 218 | Disposed | 2022-04-30 | Common Stock (218.0) | Direct |
| 2022-03-10 | Restricted Stock Unit | $0.0 | M | 212 | Disposed | 2023-04-30 | Common Stock (212.0) | Direct |
| 2022-03-10 | Restricted Stock Unit | $0.0 | M | 131 | Disposed | 2024-04-30 | Common Stock (131.0) | Direct |
Footnotes
F1: The shares represent the partial settlement under a time-based RSU award granted March 4, 2019. One-third of the RSU vested and became distributable on March 10, 2022 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, 2022 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 9, 2021. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date.