Russell Erin L 4

What Happened

• Erin L. Russell, a director of Kadant Inc. (KAI), received a grant of 513 Restricted Stock Units (RSUs) on 2026-03-11. The filing records the award as a derivative acquisition at $0.00 (no cash paid at grant). The RSUs convert into shares of common stock upon vesting.

Key Details

• Transaction date: 2026-03-11; Grant type: Award/Grant (derivative)
• Amount: 513 RSUs; Price reported: $0.00; Total cash value on form: $0
• Vesting: RSUs vest in equal installments on the last day of each quarter of fiscal 2026, contingent on continued service as a director (see footnote F1)
• Shares owned after transaction: Not disclosed in this Form 4
• Filing timeliness: Report filed 2026-03-12 for a 2026-03-11 grant — filed within the normal Form 4 reporting window

Context

• RSUs are a form of compensation, not an open-market purchase or sale. They represent a right to receive one share per RSU upon vesting; they do not indicate an immediate cash investment or sale by the insider.
• Because vesting depends on continued service, these awards are typically retention/compensation-related rather than direct signals of near-term buying or selling intent.