Colwell Michael C. 4

What Happened

• Michael C. Colwell, Senior Vice President of Kadant Inc. (KAI), received two restricted stock unit (RSU) awards on March 10, 2026 totaling 1,859 RSUs (1,487 RSUs and 372 RSUs). Both awards were granted as derivative securities at $0.00 (no cash paid at grant).
• These RSUs are not immediate purchases or sales; they convert into common shares only as they vest under the terms below.

Key Details

• Transaction date: 2026-03-10. Grant type: Award/Grant (code A). Grant price reported $0.00 (derivative RSUs).
• Award breakdown: 1,487 RSUs (performance-conditioned) + 372 RSUs (time‑based) = 1,859 RSUs total.
• Vesting: Both awards vest in three equal installments beginning March 10, 2027, subject to continued employment on each vesting date.
• Performance feature: The 1,487‑RSU award is contingent on Kadant meeting certain fiscal‑2026 performance requirements; that award may pay up to 150% of the target RSUs if maximum performance is met. The 372‑RSU award vests based on service only.
• Shares owned after transaction: Not disclosed in the supplied filing.
• Filing timeliness: Reported for the period 2026-03-10 and filed the same day — not flagged as late.

Context

• RSUs are compensation awards that convert into common stock upon vesting; they do not represent immediate share ownership or market sales. Performance‑based RSUs can increase payout if targets are met (here up to 150% of target), while time‑based RSUs depend solely on continued employment.
• Such grants are common executive compensation and should be viewed as long‑term incentives rather than an immediate bullish or bearish trading signal.