ALBERTINE JOHN M 4

What Happened
John M. Albertine, a director of Kadant Inc. (KAI), had 129 restricted stock units convert into 129 shares on April 4, 2026 (reported on Form 4 filed April 6, 2026). The filing records an acquisition of 129 shares via derivative conversion (code M) and a corresponding disposition of 129 shares at $0.00. This activity reflects award vesting/conversion rather than an open‑market buy or sale.

Key Details

• Transaction date: April 4, 2026; Form 4 filed April 6, 2026 (appears timely under the two‑business‑day rule).
• Reported transactions: 129 shares acquired by conversion of a derivative (code M); 129 shares disposed at $0.00. Total cash value recorded for the disposition = $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The filing states this represents partial vesting of an RSU award (award agreement dated March 11, 2026). The remainder vests in equal installments on the last day of each Kadant fiscal quarter in 2026, subject to continued service as a director.
• No 10b5-1 plan, late filing flag, or market sale was reported.

Context
Derivative conversion here means restricted stock units vested and were converted into common shares. The matching disposition at $0.00 is commonly used in filings when shares are delivered/withheld to satisfy tax or other withholding obligations under an award agreement; the filing’s footnote describes share delivery under the RSU terms. This is routine compensation-related insider activity, not a market purchase or cash sale.