4//SEC Filing
Langevin Eric T 4
Accession 0000886346-22-000077
CIK 0000886346other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 8:22 AM ET
Size
18.0 KB
Accession
0000886346-22-000077
Insider Transaction Report
Form 4
KADANT INCKAI
Langevin Eric T
SENIOR VICE PRESIDENT
Transactions
- Exercise/Conversion
Common Stock
2022-03-31+392→ 33,141 total - Exercise/Conversion
Common Stock
2022-03-31+1,488→ 33,409 total - Tax Payment
Common Stock
2022-03-31$195.31/sh−660$128,905→ 32,749 total - Tax Payment
Common Stock
2022-03-31$195.31/sh−174$33,984→ 32,967 total - Exercise/Conversion
Restricted Stock Unit
2022-03-31−392→ 0 totalExercise: $0.00→ Common Stock (392 underlying) - Disposition to Issuer
Restricted Stock Unit
2022-03-31−496→ 0 totalExercise: $0.00→ Common Stock (496 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-03-31−1,488→ 0 totalExercise: $0.00→ Common Stock (1,488 underlying) - Disposition to Issuer
Restricted Stock Unit
2022-03-31−2,976→ 0 totalExercise: $0.00→ Common Stock (2,976 underlying)
Footnotes (4)
- [F1]The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 2, 2020. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated October 27, 2021 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F2]The shares represent the settlement under a time-based RSU award granted March 2, 2020. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F3]The shares represent the forfeiture under a performance-based RSU award granted March 9, 2021.
- [F4]The shares represent the forfeiture under a time-based RSU award granted March 9, 2021.
Documents
Issuer
KADANT INC
CIK 0000886346
Entity typeother
Related Parties
1- filerCIK 0001354978
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 8:22 AM ET
- Size
- 18.0 KB