Westerhout Fredrik H 4

4 · KADANT INC · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 10, 2026

Kadant (KAI) VP Fredrik H. Westerhout Receives RSU Award

What Happened

Fredrik H. Westerhout, Vice President of Kadant Inc. (KAI), received two restricted stock unit (RSU) awards on March 10, 2026: 1,105 RSUs and 276 RSUs. Both were granted at $0.00 (no cash paid) and are derivative awards representing the right to receive common shares upon vesting. Total RSUs granted = 1,381.

Key Details

Transaction date: March 10, 2026; transaction type: Award/Grant (code A); price: $0.00.
Vesting: Both RSUs vest in three annual installments beginning March 10, 2027, subject to conditions.
- The 1,105 RSU award is performance‑based (may deliver up to 150% of the RSU amount depending on fiscal 2026 performance and continued employment) (Footnote F1).
- The 276 RSU award is time‑based and vests in three annual installments with continued employment (Footnote F2).
Shares owned after the transaction: not specified in the filing.
Filing timeliness: Report filed March 10, 2026 (same‑day reporting), which appears timely.

Context

These are awards, not open‑market purchases or sales; no shares were delivered immediately. RSUs convert into actual shares only if and when vesting conditions are met, so this grant does not represent an immediate change in share ownership or a cash transaction.
The performance RSU can result in more shares (up to 150% of the award) if specified company targets are met; otherwise vesting will follow the stated schedule and conditions.

Form 4

Period: 2026-03-10

Vice President

Transactions

Award
Restricted Stock Unit
[F1]
2026-03-10+1,105→ 1,105 total
Exercise: $0.00Exp: 2029-04-30→ Common Stock (1,105 underlying)
Award
Restricted Stock Unit
[F2]
2026-03-10+276→ 276 total
Exercise: $0.00Exp: 2029-04-30→ Common Stock (276 underlying)

Holdings

Footnotes (2)

[F1]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installments beginning on March 10, 2027, provided that the Issuer meets certain performance requirements for fiscal 2026 and the reporting person is employed by the Issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
[F2]This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2027, provided the reporting person is employed by the Issuer on the vesting date.

Signature

/s/ Stacy D. Krause, by power of attorney|2026-03-10

1 file