SELWOOD DEBORAH 4

What Happened Deborah Selwood, Senior Vice President & Chief Accounting Officer of Kadant Inc. (KAI), was granted two derivative equity awards on March 10, 2026 totaling 660 restricted stock units (528 RSUs and 132 RSUs). Both grants were reported as awards (code A) at a $0 per-share acquisition price (typical for RSU grants). These are grants of the right to receive common stock in the future rather than immediate stock purchases or sales.

Key Details

• Transaction date: 2026-03-10; Transaction type: Award/Grant (derivative RSUs); Price reported: $0.00.
• Shares granted: 528 RSUs + 132 RSUs = 660 RSUs total.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Filing notes inclusion of 72 shares acquired under the issuer’s Employees’ Stock Purchase Plan on Dec 31, 2025.
  • F2: Each RSU equals one share at distribution; the RSUs vest and are distributable in three equal installments beginning March 10, 2027, contingent on Kadant meeting certain fiscal 2026 performance requirements and the reporting person being employed on each vesting date. Maximum payout may be 150% of the RSU amount.
  • F3: One RSU award vests in three annual installments beginning March 10, 2027, subject to continued employment on vesting dates.
• Filing timeliness: Reported on 2026-03-10 for a 2026-03-10 transaction — appears timely.

Context These are restricted stock unit awards (derivative grants) that convert to shares only if vesting conditions are met; there is no cash purchase or immediate sale. Performance and continued-employment conditions mean the actual number of shares delivered could vary (note the potential 150% cap in F2). RSU grants are common executive compensation and do not by themselves prove insider sentiment about short-term stock moves.