SELWOOD DEBORAH 4
4 · KADANT INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Kadant (KAI) SVP Deborah Selwood Receives RSUs; Shares Sold for Taxes
What Happened
Deborah Selwood, Senior Vice President & Chief Accounting Officer of Kadant Inc. (KAI), had one-third of several performance- and time-based RSU awards vest on March 10, 2026. A total of 777 restricted stock units converted to common shares on a one-for-one basis. To satisfy tax withholding obligations, 231 shares were withheld/sold at $334.17 per share, generating $77,193. The remaining 546 shares were delivered to Selwood.
Key Details
- Transaction date: March 10, 2026 (Form 4 filed March 12, 2026 — within the required reporting window).
- Total vested/converted: 777 shares (from RSU grants dated March 7, 2023; March 6, 2024; and March 4, 2025).
- Tax withholding/sold: 231 shares at $334.17 per share for total proceeds of $77,193 (code F = payment of exercise price/tax liability).
- Derivative conversion entries: code M (exercise/conversion of derivative) with $0 exercise price — indicates RSUs converted to common stock one-for-one.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: Vesting described as partial settlement (one-third vested) for both time-based and performance-based RSU awards (see F1–F6).
Context
This was a routine vesting and tax-withholding transaction — not an open-market purchase or a discretionary sale of shares. RSU conversions (M) followed by share withholding (F) to cover taxes are common and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-10+302→ 20,809 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−89$29,741→ 20,720 total - Exercise/Conversion
Common Stock
[F2]2026-03-10+58→ 20,778 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−18$6,015→ 20,760 total - Exercise/Conversion
Common Stock
[F3]2026-03-10+196→ 20,956 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−58$19,382→ 20,898 total - Exercise/Conversion
Common Stock
[F4]2026-03-10+47→ 20,945 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−14$4,678→ 20,931 total - Exercise/Conversion
Common Stock
[F5]2026-03-10+138→ 21,069 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−41$13,701→ 21,028 total - Exercise/Conversion
Common Stock
[F6]2026-03-10+36→ 21,064 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−11$3,676→ 21,053 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-03-10−302→ 0 totalExercise: $0.00Exp: 2026-04-30→ Common Stock (302 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2]2026-03-10−58→ 0 totalExercise: $0.00Exp: 2026-04-30→ Common Stock (58 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3]2026-03-10−196→ 195 totalExercise: $0.00Exp: 2027-04-30→ Common Stock (196 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4]2026-03-10−47→ 46 totalExercise: $0.00Exp: 2027-04-30→ Common Stock (47 underlying) - Exercise/Conversion
Restricted Stock Unit
[F5]2026-03-10−138→ 276 totalExercise: $0.00Exp: 2028-04-30→ Common Stock (138 underlying) - Exercise/Conversion
Restricted Stock Unit
[F6]2026-03-10−36→ 72 totalExercise: $0.00Exp: 2028-04-30→ Common Stock (36 underlying)
Footnotes (6)
- [F1]The shares represent the partial settlement under a performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F2]The shares represent the partial settlement under a time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F3]The shares represent the partial settlement under a performance-based RSU award granted March 6, 2024. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F4]The shares represent the partial settlement under a time-based RSU award granted March 6, 2024. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F5]The shares represent the partial settlement under a performance-based RSU award granted March 4, 2025. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F6]The shares represent the partial settlement under a time-based RSU award granted March 4, 2025. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.