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KADANT INC·4

Mar 12, 7:35 AM ET

Colwell Michael C. 4

4 · KADANT INC · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Kadant (KAI) SVP Michael Colwell Receives 1,632 RSU Shares; 743 Withheld

What Happened Michael C. Colwell, Senior Vice President of Kadant Inc. (KAI), had a series of restricted stock unit (RSU) awards partly vest and convert to common stock on March 10, 2026. A total of 1,632 shares were issued on a one-for-one conversion of RSU-like derivatives, and 743 of those shares were withheld (disposed) to satisfy tax withholding obligations, resulting in approximately $248,288 paid for taxes. Net new shares delivered to Colwell after withholding were 889 shares.

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
  • What converted: Six partial settlements (performance- and time-based RSU awards granted in 2023, 2024 and 2025) — one‑third of each award vested and converted to common stock on vesting date (see footnotes F1–F6).
  • Shares converted/acquired: 1,632 common shares (conversion of derivatives / RSUs).
  • Shares withheld/disposed for taxes (code F): 743 shares at $334.17 per share = $248,288 total withheld.
  • Net shares delivered to insider: 889 shares (1,632 issued − 743 withheld).
  • Filing timeliness: Report appears timely (filed two days after the transactions).
  • Note on codes: M = conversion/exercise of derivative (RSU conversion here); F = payment of tax liability via share withholding (not an open-market sale).

Context This was not an open-market sale or purchase but the routine vesting and conversion of RSU awards, with shares withheld to cover tax obligations. Such transactions reflect compensation being settled rather than insider leaning bullish or bearish; the material action for investors is the net issuance of 889 shares to the insider after withholding.

Insider Transaction Report

Form 4
Period: 2026-03-10
KADANT INCKAI
Colwell Michael C.
Senior Vice President
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-10+583→ 3,639 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−265$88,555→ 3,374 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-10+111→ 3,485 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−51$17,043→ 3,434 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-10+438→ 3,872 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−199$66,500→ 3,673 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-03-10+105→ 3,778 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−48$16,040→ 3,730 total
  • Exercise/Conversion

    Common Stock

    [F5]
    2026-03-10+313→ 4,043 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−142$47,452→ 3,901 total
  • Exercise/Conversion

    Common Stock

    [F6]
    2026-03-10+82→ 3,983 total
  • Tax Payment

    Common Stock

    2026-03-10$334.17/sh−38$12,698→ 3,945 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]
    2026-03-10−313→ 626 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (313 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F6]
    2026-03-10−82→ 162 total
    Exercise: $0.00Exp: 2028-04-30→ Common Stock (82 underlying)
Footnotes (6)
  • [F1]The shares represent the partial settlement under a perfomance-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_1773315298.xmlPrimary

    FORM 4