SELWOOD DEBORAH 4

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.