Painter Jonathan W 4

What Happened

• Jonathan W. Painter, a member of Kadant Inc.'s board, had 128 shares delivered to him on July 4, 2026 through the conversion/settlement of a derivative (reported with transaction code M). A corresponding entry shows 128 shares disposed at $0.00; the filing indicates the activity reflects RSU vesting and delivery rather than a market sale or purchase. No cash value was reported for the transaction.

Key Details

• Transaction date: July 4, 2026; Form 4 filed July 6, 2026 (timely).
• Reported actions: 128 shares acquired via exercise/conversion of a derivative (M); 128 shares reported as disposed at $0.00.
• Price/value: $0.00 reported for the disposed shares; no cash paid to acquire the delivered shares.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 states this represents partial vesting and delivery of a restricted stock unit award (award agreement dated March 11, 2026). The remainder of the award vests in equal installments on the last day of each fiscal quarter in 2026, subject to continued service as a director.
• No 10b5-1 plan or tax-withholding details were listed in the filing.

Context

• Transaction code M covers exercise or conversion of a derivative; here the footnote clarifies the event was RSU vesting and share delivery (not an open-market buy or sell). Receiving vested RSUs is typically routine compensation and does not by itself indicate a buy/sell signal.