Powell Jeffrey L 4

What Happened

• Jeffrey L. Powell, President, CEO and a director of Kadant Inc. (KAI), had multiple RSU tranches vest on March 10, 2026. A total of 11,536 shares were issued on vesting (conversion of RSUs to common stock).
• To satisfy tax withholding/exercise obligations, 5,582 shares were withheld/disposed at $334.17 per share for a total of $1,865,337. After withholding, Powell netted 5,954 shares from the vesting event.
• These were vesting/settlement transactions (not open-market purchases or optional cash sales); the disposals were routine tax-withholding.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Gross shares issued on vesting: 11,536 shares (combined from multiple RSU awards).
• Shares withheld/disposed to cover taxes/exercise price: 5,582 shares at $334.17/share, totaling $1,865,337.
• Net new shares to Powell after withholding: 5,954 shares.
• Footnotes: These shares represent one‑third tranches that vested on March 10, 2026 from RSU awards granted on March 7, 2023 (performance and time-based), March 6, 2024 (performance and time-based), and March 4, 2025 (performance and time-based). Each vested portion converted one‑for‑one into common stock.
• Filing timeliness: No late filing indicated in the Form 4.

Context

• These transactions are vesting/settlement events (code M for conversion/exercise of derivative; code F for tax withholding). The disposals here were to satisfy tax withholding obligations — a routine administrative step and not an open-market sale expressing investment view.
• For retail investors: vesting increases insider share ownership (net +5,954 shares). Routine tax-withholding sales are common and do not necessarily signal buying or selling sentiment by the insider.