Flynn Peter J. 4

4 · KADANT INC · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Kadant (KAI) SVP Peter J. Flynn Receives RSU Shares; Tax Withholding

What Happened

Peter J. Flynn, Senior Vice President of Kadant Inc. (KAI), had one-third of previously granted RSUs vest on March 10, 2026. A total of 193 shares were converted to common stock (162 + 31). To satisfy tax withholding, 76 shares were disposed (64 + 12) at $334.17 per share for a withholding amount of $25,397. Net shares delivered to Flynn after withholding were 117. The underlying RSUs were settled one-for-one into common shares (not an open-market sale).

Key Details

Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
Shares converted/issued: 193 shares (162 + 31).
Shares withheld for taxes: 76 shares (64 + 12) at $334.17 each; total withheld value $25,397 (reported as $21,387 and $4,010 in separate entries).
Net shares received by insider: 117 shares.
Shares owned after transaction: Not specified in the filing excerpts provided.
Relevant footnotes:
- F1/F3: These shares reflect partial settlement of performance-based and time-based RSU awards granted March 7, 2023; one‑third vested and were converted one-for-one on March 10, 2026.
- F2: Filing notes inclusion of 27 shares acquired under the company’s Employee Stock Purchase Plan on Dec 31, 2025.
Filing timeliness: The Form 4 was filed two days after the transaction date (within the standard two-business-day window).

Context

This was a routine RSU vesting and net-share settlement for taxes (shares withheld), not an open-market sale. For retail investors, such tax-withholding disposals are administrative and do not necessarily indicate the insider’s view on the company. The filing shows conversion of RSUs into common stock (derivative conversion) with a portion withheld to cover tax obligations.

Form 4Exit

Period: 2026-03-10

Senior Vice President

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-03-10+162→ 2,807.584 total
Tax Payment
Common Stock
2026-03-10$334.17/sh−64$21,387→ 2,743.584 total
Exercise/Conversion
Common Stock
[F3]
2026-03-10+31→ 2,774.584 total
Tax Payment
Common Stock
2026-03-10$334.17/sh−12$4,010→ 2,762.584 total
Exercise/Conversion
Restricted Stock Unit
[F1]
2026-03-10−162→ 0 total
Exercise: $0.00Exp: 2026-04-30→ Common Stock (162 underlying)
Exercise/Conversion
Restricted Stock Unit
[F3]
2026-03-10−31→ 0 total
Exercise: $0.00Exp: 2026-04-30→ Common Stock (31 underlying)

Footnotes (3)

[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]Includes 27 shares acquired in an exempt transaction purusant to the Issuer's Employees' Stock Purchase Plan on December 31, 2025.
[F3]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.

Signature

/s/ Stacy D. Krause, by power of attorney|2026-03-12

1 file