MCKENNEY MICHAEL J 4

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.