Mitchell Dara F 4

What Happened Dara F. Mitchell, Senior Vice President, Corporate Development at KADANT INC (KAI), received two restricted stock unit (RSU) awards on March 10, 2026: 1,272 RSUs and 318 RSUs, for a total of 1,590 RSUs. Each RSU represents the right to receive one share of common stock; the awards were recorded at $0.00 (derivative awards) and do not reflect an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-10 (both awards); transaction code: A = Award/Grant.
• Award amounts: 1,272 RSUs and 318 RSUs (total 1,590 RSUs); price per RSU $0.00 (derivative).
• Vesting/conditions: One RSU grant (F2) vests in three equal installments beginning March 10, 2027, contingent on KADANT meeting certain fiscal 2026 performance requirements and continued employment; that grant has a potential maximum payout of 150% of the RSU amount. The other RSU (F3) vests in three annual installments beginning March 10, 2027, subject to continued employment.
• Other note (F1): Includes 72 shares acquired under the issuer’s Employee Stock Purchase Plan on Dec 31, 2025 (exempt transaction).
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: Reported on 2026-03-10 (same date as the transaction); appears timely.

Context RSUs are compensation awards that convert into actual shares only when vesting conditions are met; they are not immediate purchases or sales and typically do not signal near‑term market action. One grant is performance‑based (possible up‑to 150% payout) and both require continued employment through vesting dates (starting March 10, 2027). No cash proceeds were reported and no sales were executed as part of these transactions.