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KADANT INC — Director's Dealing 2024
Mar 12, 2024
31258_dirs_2024-03-12_55968872-74ba-4bbc-bf8a-2bcf8487e812.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: 2024-03-10
Reporting Person: Westerhout Fredrik H (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-10 | Common Stock | M | 130 | — | Acquired | 1517 | Direct |
| 2024-03-10 | Common Stock | F | 65 | $327 | Disposed | 1452 | Direct |
| 2024-03-10 | Common Stock | M | 383 | — | Acquired | 1835 | Direct |
| 2024-03-10 | Common Stock | F | 190 | $327 | Disposed | 1645 | Direct |
| 2024-03-10 | Common Stock | M | 85 | — | Acquired | 1730 | Direct |
| 2024-03-10 | Common Stock | F | 43 | $327 | Disposed | 1687 | Direct |
| 2024-03-10 | Common Stock | M | 583 | — | Acquired | 2270 | Direct |
| 2024-03-10 | Common Stock | F | 289 | $327 | Disposed | 1981 | Direct |
| 2024-03-10 | Common Stock | M | 112 | — | Acquired | 2093 | Direct |
| 2024-03-10 | Common Stock | F | 56 | $327 | Disposed | 2037 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-10 | Restricted Stock Unit | $0 | M | 130 | Disposed | 2024-04-30 | Common Stock (130) | Direct |
| 2024-03-10 | Restricted Stock Unit | $0 | M | 383 | Disposed | 2025-04-30 | Common Stock (383) | Direct |
| 2024-03-10 | Restricted Stock Unit | $0 | M | 85 | Disposed | 2025-04-30 | Common Stock (85) | Direct |
| 2024-03-10 | Restricted Stock Unit | $0 | M | 583 | Disposed | 2026-04-30 | Common Stock (583) | Direct |
| 2024-03-10 | Restricted Stock Unit | $0 | M | 112 | Disposed | 2026-04-30 | Common Stock (112) | Direct |
Footnotes
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.