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KADANT INC·4

Mar 12, 7:23 AM ET

Westerhout Fredrik H 4

4 · KADANT INC · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

KADANT (KAI) VP Fredrik Westerhout Receives 1,629 Shares; 808 Withheld

What Happened

  • Fredrik H. Westerhout, Vice President of Kadant Inc. (KAI), had portions of multiple RSU awards vest on March 10, 2026. A total of 1,629 shares were converted from outstanding RSU/derivative awards (exercise/conversion, code M). To satisfy tax withholding obligations, 808 of those shares were withheld/settled (code F) at a withholding price of $334.17 per share, generating roughly $270,009 in tax payments. The net result was an increase of 821 shares to his beneficial ownership.

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the typical 2-business-day window).
  • Shares converted/issued: 1,629 total (from multiple RSU awards).
  • Shares withheld/settled for taxes: 808 shares at $334.17 each = ~$270,009.
  • Net shares retained: 821 shares added to holdings (1,629 issued − 808 withheld).
  • Footnotes: The shares come from partial settlements (one‑third vesting) of performance- and time-based RSU awards granted March 7, 2023; March 6, 2024; and March 4, 2025, each converted one-for-one into common stock on vesting (see F1–F6).
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

  • This is a routine RSU vesting and tax-withholding transaction (common for employees/executives) rather than an open-market buy or discretionary sale. The conversion of RSUs and withholding of a portion of shares to cover taxes is effectively a cashless settlement and does not, by itself, signal a change in sentiment.

Insider Transaction Report

Form 4
Period: 2026-03-10
KADANT INCKAI
Westerhout Fredrik H
Vice President
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+583→ 2,879 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−289$96,575→ 2,590 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-10+111→ 2,701 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−55$18,379→ 2,646 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-10+438→ 3,084 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−217$72,515→ 2,867 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-10+105→ 2,972 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−52$17,377→ 2,920 total
  • Exercise/Conversion

    Common Stock

    [F5]
    2026-03-10+311→ 3,231 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−154$51,462→ 3,077 total
  • Exercise/Conversion

    Common Stock

    [F6]
    2026-03-10+81→ 3,158 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−41$13,701→ 3,117 total
  • Exercise/Conversion

    Restricted Stock Unit

    [F1]
    2026-03-10−583→ 0 total
    Exercise: $0.00Exp: 2026-04-30→ Common Stock (583 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F2]
    2026-03-10−111→ 0 total
    Exercise: $0.00Exp: 2026-04-30→ Common Stock (111 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F3]
    2026-03-10−438→ 438 total
    Exercise: $0.00Exp: 2027-04-30→ Common Stock (438 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F4]
    2026-03-10−105→ 104 total
    Exercise: $0.00Exp: 2027-04-30→ Common Stock (105 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F5]
    2026-03-10−311→ 620 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (311 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F6]
    2026-03-10−81→ 162 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (81 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 common 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.
Signature
/s/ Stacy D. Krause, by power of attorney|2026-03-12

Documents

1 file
  • 4
    wk-form4_1773314610.xmlPrimary

    FORM 4