Blanchard Thomas Andrew 4

What Happened
Blanchard Thomas Andrew, Vice President of Kadant Inc. (KAI), received two equity awards on March 10, 2026: 768 RSUs and 192 RSUs (total 960 RSUs). Both transactions are reported as awards/grants (derivative securities) at a reported price of $0.00 — these are restricted stock units (RSUs), not open‑market purchases or sales. RSUs represent the right to receive common shares if and when they vest.

Key Details

• Transaction date: 2026-03-10. Transaction code: A (award/grant); derivative reported at $0.00 per unit.
• Shares granted: 768 RSUs and 192 RSUs — total 960 RSUs. Reported aggregate acquisition value: $0 (derivative awards).
• Vesting/conditions (per footnotes): one grant is performance‑conditioned and vests in three equal installments beginning March 10, 2027 (may pay up to 150% of the RSU amount if performance targets are met); the other RSU grant vests in three annual installments beginning March 10, 2027 based on continued employment.
• Footnote also notes 72 shares acquired under the company’s Employees’ Stock Purchase Plan on Dec 31, 2025 (mentioned in the filing).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing was made on 2026-03-10 (same day as the reported transaction), so this appears timely.

Context

• These are grants of RSUs (a derivative award). RSUs do not convey immediate common‑stock ownership or sale proceeds; they convert to shares only as they vest and any applicable performance and service conditions are met.
• Because one grant is performance‑based and the other service‑based, final share delivery could differ from the nominal 960 RSUs (the performance award can pay up to 150% of its target).
• Awards are common part of executive compensation and do not, by themselves, indicate insider buying or selling sentiment.