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KADANT INC — Director's Dealing 2023
Mar 10, 2023
31258_dirs_2023-03-10_cb899b1a-ef33-4fbb-8701-47f48894f52a.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: 2023-03-10
Reporting Person: Westerhout Fredrik H (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-10 | Common Stock | M | 212 | — | Acquired | 1672 | Direct |
| 2023-03-10 | Common Stock | F | 105 | $213.64 | Disposed | 1567 | Direct |
| 2023-03-10 | Common Stock | M | 130 | — | Acquired | 1697 | Direct |
| 2023-03-10 | Common Stock | F | 65 | $213.64 | Disposed | 1632 | Direct |
| 2023-03-10 | Common Stock | M | 384 | — | Acquired | 2016 | Direct |
| 2023-03-10 | Common Stock | F | 191 | $213.64 | Disposed | 1825 | Direct |
| 2023-03-10 | Common Stock | M | 85 | — | Acquired | 1910 | Direct |
| 2023-03-10 | Common Stock | F | 43 | $213.64 | Disposed | 1867 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-10 | Restricted Stock Unit | $0.0 | M | 212 | Disposed | 2023-04-30 | Common Stock (212.0) | Direct |
| 2023-03-10 | Restricted Stock Unit | $0.0 | M | 130 | Disposed | 2024-04-30 | Common Stock (130.0) | Direct |
| 2023-03-10 | Restricted Stock Unit | $0.0 | M | 384 | Disposed | 2025-04-30 | Common Stock (384.0) | Direct |
| 2023-03-10 | Restricted Stock Unit | $0.0 | M | 85 | Disposed | 2025-04-30 | Common Stock (85.0) | Direct |
Footnotes
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.