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KADANT INC·4

Mar 12, 7:30 AM ET

MCKENNEY MICHAEL J 4

4 · KADANT INC · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

KAI CFO Michael McKenney Receives RSUs; Shares Surrendered for Taxes

What Happened
Michael J. McKenney, Executive Vice President & CFO of Kadant Inc. (KAI), had a total of 3,488 restricted stock units (RSUs) vest and convert to common stock on March 10, 2026. To satisfy tax withholding, 1,690 of those shares were surrendered (disposed) at a withholding value of $334.17 per share, producing proceeds used to cover tax liabilities of approximately $564,747. The remaining 1,798 shares were distributed to him (net of withholding). These transactions reflect routine RSU vesting and tax withholding, not an open-market sale for investment purposes.

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
  • Total RSUs vested/converted: 3,488 shares (from multiple awards granted 2023–2025).
  • Shares surrendered for tax withholding: 1,690 shares at $334.17/share = ~$564,747.
  • Net shares issued to insider after withholding: 1,798 shares.
  • Footnotes: Vesting came from partial settlements of performance- and time-based RSU awards granted Mar 7, 2023; Mar 6, 2024; and Mar 4, 2025 — in each case one‑third of the award vested and converted one-for-one to common stock on the vesting date.
  • Transaction codes: M = derivative exercise/conversion (RSU conversion); F = payment of tax liability via share withholding.
  • Nature of disposal: shares were surrendered to cover tax obligations (routine withholding), not sold on the open market.

Insider Transaction Report

Form 4
Period: 2026-03-10
KADANT INCKAI
MCKENNEY MICHAEL J
Executive Vice President & CFO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+1,253→ 14,219.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−606$202,507→ 13,613.009 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-10+239→ 13,852.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−116$38,764→ 13,736.009 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-10+933→ 14,669.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−452$151,045→ 14,217.009 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-10+223→ 14,440.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−108$36,090→ 14,332.009 total
  • Exercise/Conversion

    Common Stock

    [F5]
    2026-03-10+666→ 14,998.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−323$107,937→ 14,675.009 total
  • Exercise/Conversion

    Common Stock

    [F6]
    2026-03-10+174→ 14,849.009 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−85$28,404→ 14,764.009 total
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-03-10−1,253→ 0 total
    Exercise: $0.00Exp: 2026-04-30→ Common Stock (1,253 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F2]
    2026-03-10−239→ 0 total
    Exercise: $0.00Exp: 2026-04-30→ Common Stock (239 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F3]
    2026-03-10−933→ 933 total
    Exercise: $0.00Exp: 2027-04-30→ Common Stock (933 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F4]
    2026-03-10−223→ 222 total
    Exercise: $0.00Exp: 2027-04-30→ Common Stock (223 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F5]
    2026-03-10−666→ 1,331 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (666 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F6]
    2026-03-10−174→ 346 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (174 underlying)
Footnotes (6)
  • [F1]The shares represent the partial settlement under a performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
  • [F2]The shares represent the partial settlement under a time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
  • [F3]The shares represent the partial settlement under a performance-based RSU award granted March 6, 2024. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
  • [F4]The shares represent the partial settlement under a time-based RSU award granted March 6, 2024. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
  • [F5]The shares represent the partial settlement under a performance-based RSU award granted March 4, 2025. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
  • [F6]The shares represent the partial settlement under a time-based RSU award granted March 4, 2025. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
Signature
/s/ Stacy D. Krause, by power of attorney|2026-03-12

Documents

1 file
  • 4
    wk-form4_1773315005.xmlPrimary

    FORM 4