Powell Jeffrey L 4

What Happened Jeffrey L. Powell, President & CEO and a director of Kadant Inc. (KAI), reported a gift disposition of 48,667 shares of Kadant common stock on 2026-03-11. The shares were transferred to the Jeffrey L. Powell Revocable Trust for no consideration (reported price $0.00), so there were no sale proceeds. According to the filing, Powell is the trustee of that revocable trust and remains the beneficial owner of the securities held by the trust.

Key Details

• Transaction date: 2026-03-11; Report filed: 2026-03-12 (timely filing).
• Transaction type/code: Gift (G); shares transferred: 48,667; reported price: $0.00; total proceeds: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Transfer was to the Jeffrey L. Powell Revocable Trust; Powell is trustee and, along with immediate family members, is a beneficiary — he remains the beneficial owner of the trust’s securities.
• No 10b5‑1 plan, tax withholding, option exercise, or sale reported.

Context Gifts of shares to a revocable trust are commonly part of estate or household planning and do not necessarily signal a change in the insider’s view of the company; in this case the filing notes Powell remains the beneficial owner of the transferred shares. Because this was a gift (not an open‑market sale or purchase), there were no cash proceeds and no direct market signal.