MCKENNEY MICHAEL J 4
4 · KADANT INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Kadant (KAI) CFO Michael McKenney Receives RSU Award
What Happened
Michael J. McKenney, Executive Vice President & Chief Financial Officer of Kadant Inc. (KAI), was granted two restricted stock unit (RSU) awards on March 10, 2026: 2,367 RSUs and 592 RSUs, a total of 2,959 RSUs. Both awards are recorded as derivative awards at $0.00 (no cash paid at grant). RSUs represent the right to receive one share each upon vesting.
Key Details
- Transaction date: 2026-03-10 (reported same day).
- Awards: 2,367 RSUs and 592 RSUs; total = 2,959 RSUs; grant price $0.00 (derivative award).
- Filing: Period of Report and filing date are 2026-03-10 (timely).
- Shares owned after transaction: Not specified in the supplied filing text.
- Footnotes of note:
- F1: Filing notes inclusion of 72 shares acquired via the company Employee Stock Purchase Plan on Dec 30, 2025.
- F2: One RSU award vests in three equal installments beginning March 10, 2027, subject to certain fiscal 2026 performance requirements and continued employment; maximum payout may be up to 150% of the RSU amount.
- F3: The other RSU vests and becomes distributable in three annual installments beginning March 10, 2027, subject to continued employment on each vesting date.
Context
RSUs are compensation awards, not open-market purchases or sales; they convert to shares only if vesting and performance/service conditions are met. Grants are routine executive compensation and do not necessarily signal a near-term trading intent. The F2 performance multiplier (up to 150%) means the final number of shares delivered could be higher if performance targets are met.
Insider Transaction Report
- Award
Restricted Stock Unit
[F2]2026-03-10+2,367→ 2,367 totalExercise: $0.00Exp: 2029-04-30→ Common Stock (2,367 underlying) - Award
Restricted Stock Unit
[F3]2026-03-10+592→ 592 totalExercise: $0.00Exp: 2029-04-30→ Common Stock (592 underlying)
- 12,966.009
Common Stock
[F1]
Footnotes (3)
- [F1]Includes 72 shares acquired in an exempt transaction pursuant to the Issuer's Employee's Stock Purchse Plan on December 30, 2025.
- [F2]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests and is distributable in three equal installments beginning on March 10, 2027, provided that the Issuer meets certain performance requirements for fiscal 2026 and the reporting person is employed by the issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount
- [F3]This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2027, provided the reporting person is employed by the Issuer on the vesting date.