Mitchell Dara F 4

What Happened
Dara F. Mitchell, Senior Vice President, Corporate Development at Kadant, had several RSU awards partially vest on March 10, 2026. A total of 1,425 shares were converted to common stock on a one-for-one basis. To satisfy tax withholding obligations, 692 shares were withheld/disposed at an indicated price of $334.17 per share, generating roughly $231,246 in withholding value. The net shares delivered to Mitchell after withholding were 733 shares.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Conversion (derivative/exercise code M): 1,425 shares converted from vested RSUs (multiple awards).
• Tax withholding (code F): 692 shares withheld/disposed at $334.17 per share; total withholding value ≈ $231,246 (sum of $82,206; $15,706; $62,490; $15,038; $44,110; $11,696).
• Net shares received by insider: 733 shares (1,425 vested − 692 withheld).
• Shares owned after the transactions: not stated in the filing.
• Footnotes: Vesting was partial (one‑third) on multiple RSU grants:
  • F1/F2: Grants dated March 7, 2023 (performance- and time-based).
  • F3/F4: Grants dated March 6, 2024 (performance- and time-based).
  • F5/F6: Grants dated March 4, 2025 (performance- and time-based).
    Each note confirms one-third of each award vested and converted to common stock on the vesting date.
• Transaction codes explained: M = exercise/conversion of derivative (RSU conversion); F = shares withheld/used to pay tax withholding.

Context
This was routine vesting and settlement of RSU awards, not an open-market sale or purchase. The withheld shares reflect tax withholding to satisfy payroll/tax obligations and are standard for equity compensation — they do not necessarily indicate a decision to sell remaining shares. No 10b5‑1 plan, gift, or sale-for-diversification was reported in this filing.