Blanchard Thomas Andrew 4
4 · KADANT INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
KADANT (KAI) VP Thomas Blanchard Receives RSU Shares
What Happened
Thomas Andrew Blanchard, Vice President of Kadant Inc. (KAI), had multiple restricted stock units (RSUs vest) convert to common stock on March 10, 2026. A total of 1,140 shares were issued on vesting (conversion/exercise of derivatives, code M). To satisfy tax withholding obligations (code F), 443 shares were withheld/disposed, generating proceeds of $148,037. The net increase to Blanchard’s holdings from this event was 697 shares (1,140 issued minus 443 withheld).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
- Conversion/exercise entries (code M): 411, 78, 303, 72, 219, and 57 shares (total 1,140).
- Tax withholding/disposition entries (code F): 159, 31, 117, 28, 85, and 23 shares (total 443) for $148,037.
- Shares owned after the reported transactions: Not disclosed in the filing.
- Footnotes F1–F6: These shares are partial settlements of several RSU awards (grants dated March 7, 2023; March 6, 2024; March 4, 2025). For each award, one‑third vested and converted to common stock on March 10, 2026.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price or tax liability (sell-to-cover/withholding).
Context
This was a routine vesting and net-settlement event (RSUs converting into shares with a portion withheld to cover taxes), not an open-market purchase or discretionary sale. Such filings reflect compensation vesting and tax-withholding mechanics rather than a direct signal of the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-10+411→ 1,671 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−159$53,133→ 1,512 total - Exercise/Conversion
Common Stock
[F2]2026-03-10+78→ 1,590 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−31$10,359→ 1,559 total - Exercise/Conversion
Common Stock
[F3]2026-03-10+303→ 1,862 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−117$39,098→ 1,745 total - Exercise/Conversion
Common Stock
[F4]2026-03-10+72→ 1,817 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−28$9,357→ 1,789 total - Exercise/Conversion
Common Stock
[F5]2026-03-10+219→ 2,008 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−85$28,404→ 1,923 total - Exercise/Conversion
Common Stock
[F6]2026-03-10+57→ 1,980 total - Tax Payment
Common Stock
2026-03-10$334.17/sh−23$7,686→ 1,957 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-03-10−411→ 0 totalExercise: $0.00Exp: 2026-04-30→ Common Stock (411 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2]2026-03-10−78→ 0 totalExercise: $0.00Exp: 2026-04-30→ Common Stock (78 underlying) - Exercise/Conversion
Restricted Stock Unit
[F3]2026-03-10−303→ 303 totalExercise: $0.00Exp: 2027-04-30→ Common Stock (303 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4]2026-03-10−72→ 72 totalExercise: $0.00Exp: 2027-04-30→ Common Stock (72 underlying) - Exercise/Conversion
Restricted Stock Unit
[F5]2026-03-10−219→ 438 totalExercise: $0.00Exp: 2028-04-30→ Common Stock (219 underlying) - Exercise/Conversion
Restricted Stock Unit
[F6]2026-03-10−57→ 114 totalExercise: $0.00Exp: 2028-04-30→ Common Stock (57 underlying)
Footnotes (6)
- [F1]The shares represent the partial settlement under a performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F2]The shares represent the partial settlement under a time-based RSU award granted March 7, 2023, One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F3]The shares represent the partial settlement under a performance-based RSU award granted March 6, 2024. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to comon stock on a one-for-one basis on the vesting date.
- [F4]The shares represent the partial settlement under a time-based RSU award granted March 6, 2024, One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.
- [F5]The shares represent the partial settlement under a performance-based RSU award granted March 4, 2025. One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date
- [F6]The shares represent the partial settlement under a time-based RSU award granted March 4, 2025, One-third of the RSU vested and became distributable on March 10, 2026 and was converted to common stock on a one-for-one basis on the vesting date.