Powell Jeffrey L 4

What Happened Jeffrey L. Powell, President & CEO and a director of Kadant Inc. (KAI), received two awards of restricted stock units (RSUs) on March 10, 2026: 9,021 RSUs and 2,255 RSUs (total 11,276 RSUs). Both grants are reported as derivative acquisitions at $0.00 (code A), meaning they are compensation awards that give the right to receive common shares upon vesting rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-03-10; reported on Form 4 filed 2026-03-10 (appears timely).
• Grants: 9,021 RSUs (footnote F1) and 2,255 RSUs (footnote F2); total 11,276 RSUs; acquisition price reported $0.00.
• Vesting:
  • F1 (9,021 RSUs): Vests in three equal installments beginning March 10, 2027, contingent on certain fiscal 2026 performance targets and continued employment; maximum payout may be up to 150% of the RSU amount.
  • F2 (2,255 RSUs): Vests in three annual installments beginning March 10, 2027, contingent on continued employment.
• Shares owned after transaction: Not specified in this filing.
• Nature of transaction: Award/grant of RSUs (derivative equity compensation), not an open-market buy or sale.

Context RSU grants are a common form of long-term compensation for executives and typically indicate retention and performance incentives rather than an immediate bullish or bearish trading signal. These awards do not result in immediate shares or cash; shares will only be delivered if and when vesting conditions are met. The first grant includes a performance-based upside (up to 150% payout), while both grants have multi-year vesting starting in March 2027.