Blanchard Thomas Andrew 4

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.