Flynn Peter J. 4

What Happened

• Peter J. Flynn, Senior Vice President of Kadant Inc. (KAI), had one-third of previously granted RSUs vest on March 10, 2026. A total of 193 shares were converted to common stock (162 + 31). To satisfy tax withholding, 76 shares were disposed (64 + 12) at $334.17 per share for a withholding amount of $25,397. Net shares delivered to Flynn after withholding were 117. The underlying RSUs were settled one-for-one into common shares (not an open-market sale).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
• Shares converted/issued: 193 shares (162 + 31).
• Shares withheld for taxes: 76 shares (64 + 12) at $334.17 each; total withheld value $25,397 (reported as $21,387 and $4,010 in separate entries).
• Net shares received by insider: 117 shares.
• Shares owned after transaction: Not specified in the filing excerpts provided.
• Relevant footnotes:
  • F1/F3: These shares reflect partial settlement of performance-based and time-based RSU awards granted March 7, 2023; one‑third vested and were converted one-for-one on March 10, 2026.
  • F2: Filing notes inclusion of 27 shares acquired under the company’s Employee Stock Purchase Plan on Dec 31, 2025.
• Filing timeliness: The Form 4 was filed two days after the transaction date (within the standard two-business-day window).

Context

• This was a routine RSU vesting and net-share settlement for taxes (shares withheld), not an open-market sale. For retail investors, such tax-withholding disposals are administrative and do not necessarily indicate the insider’s view on the company. The filing shows conversion of RSUs into common stock (derivative conversion) with a portion withheld to cover tax obligations.