KADANT INC: director Leonard Thomas C received 128 shares

What happened

• Leonard Thomas C, a director, had 128 shares acquired via exercise/conversion of a derivative and 128 shares disposed on Oct 3, 2026; the disposed shares are reported at $0.
• The filing lists the acquisition as an exercise/conversion (code M) and a corresponding disposition labeled as a derivative.

Key details

• Transaction date and prices: Oct 3, 2026 — exercise/conversion of 128 shares (price N/A); Oct 3, 2026 — disposition of 128 shares at $0.
• Shares owned after the transaction: the filing does not state shares owned following the reported transactions.
• Footnote: the filing says this represents partial vesting of a restricted stock unit award and delivery of shares under an RSU agreement dated Mar 11, 2026; the remainder vests on the last day of the issuer's fourth quarter in fiscal 2026 if the recipient continues to serve as a director.
• Filing date: Oct 5, 2026 (accession 0001243393-26-000011).

Why it may matter

• The filing shows an exercise/conversion of a derivative award and delivery/disposition of the resulting shares.
• The filing does not show why the insider traded or why the company acted.