ALBERTINE JOHN M 4

What Happened
John M. Albertine, a director of Kadant Inc. (KAI), reported the partial vesting and delivery of 128 restricted stock units (RSUs) on July 4, 2026. The Form 4 shows an acquisition of 128 shares (derivative code M — exercise/conversion) and a simultaneous reported disposal of 128 shares at $0.00. This was not an open-market purchase or a cash sale of shares — it reflects RSU vesting and settlement.

Key Details

• Transaction date: July 4, 2026 (filed with the SEC on July 6, 2026). Filing appears timely.
• Reported entries: 128 shares acquired (derivative conversion/exercise, price N/A) and 128 shares disposed at $0.00 (derivative).
• Footnote: Partial vesting and delivery are per an RSU award agreement dated March 11, 2026; the remainder vests in equal installments on the last day of each fiscal quarter in 2026, subject to continued service as a director.
• Shares owned after the transaction: not specified in the provided filing.
• Disposal at $0.00: commonly reported when vested shares are withheld or otherwise surrendered for tax or settlement purposes (the filing does not state a cash sale).

Context
This transaction represents ordinary equity compensation settlement (RSU vesting) rather than a market buy or sale. Such filings inform shareholders that a director received vested shares; they do not by themselves indicate a buy/sell signal. The remaining RSU tranches will vest quarterly in 2026 if the director remains in service.