KRAUSE STACY D. 4

What Happened

• Stacy D. Krause, Senior Vice President, General Counsel and Secretary of Kadant Inc. (KAI), had multiple RSU awards vest and convert to common stock on March 10, 2026. A total of 2,172 shares were issued on conversion of performance- and time-based RSU awards granted in 2023, 2024 and 2025.
• To satisfy tax withholding obligations, 945 shares were surrendered (disposed) at a reported withholding valuation of $334.17 per share, producing aggregate proceeds of $315,790. The net new shares delivered to Krause after withholding were 1,227 shares.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Conversion (code M): 2,172 shares converted from RSU derivatives (no cash paid).
• Tax/payment withholding (code F): 945 shares withheld at $334.17/share for $315,790 total.
• Footnotes: Vesting reflects one-third settlements on each award (performance- and time-based RSUs) granted March 7, 2023; March 6, 2024; and March 4, 2025 — each converted one-for-one to common stock on the vesting date.
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• These transactions are RSU vesting events (not open-market purchases or voluntary sales). The conversion of RSUs to shares and the share-withholding for taxes is a routine administrative settlement rather than an independent market buy/sell decision.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of tax liability via share withholding.