Form 4 for KAI KADANT INC
Accepted 2022-04-01 00:00:00 ET · period of report 2022-03-31 · accession 0000886346-22-000077 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-04-01 | 2022-03-31 | KAI | Langevin Eric T | EVP, COO | M - OptEx | — | +1,880 | 33.4K | +6% | — |
| DM | 2022-04-01 | 2022-03-31 | KAI | Langevin Eric T | EVP, COO | F - Tax | $195.31 | -834 | 32.7K | -2% | -$162.9K |
| DM | 2022-04-01 | 2022-03-31 | KAI | Langevin Eric T | EVP, COO | D - Sale to Iss | $0.00 | -3,472 | 0 | -100% | $0 |
| DM | 2022-04-01 | 2022-03-31 | KAI | Langevin Eric T | EVP, COO | M - OptEx | $0.00 | -1,880 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-31 | M | A | 392 | — | 33,141 | D | — | — | (F2) The shares represent the settlement under a time-based RSU award granted March 2, 2020. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date. |
| 2 | Common | Common Stock | 2022-03-31 | F | D | 174 | $195.31 | 32,967 | D | — | — | |
| 3 | Common | Common Stock | 2022-03-31 | M | A | 1,488 | — | 33,409 | D | — | — | (F1) The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 2, 2020. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated October 27, 2021 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date. |
| 4 | Common | Common Stock | 2022-03-31 | F | D | 660 | $195.31 | 32,749 | D | — | — | |
| 5 | Derivative | Restricted Stock Unit | 2022-03-31 | D | D | 496 | $0.00 | 0 | D | $0.00 · — to — | 496 Common Stock | (F4) The shares represent the forfeiture under a time-based RSU award granted March 9, 2021. |
| 6 | Derivative | Restricted Stock Unit | 2022-03-31 | D | D | 2,976 | $0.00 | 0 | D | $0.00 · — to — | 2,976 Common Stock | (F3) The shares represent the forfeiture under a performance-based RSU award granted March 9, 2021. |
| 7 | Derivative | Restricted Stock Unit | 2022-03-31 | M | D | 1,488 | $0.00 | 0 | D | $0.00 · — to — | 1,488 Common Stock | (F1) The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 2, 2020. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated October 27, 2021 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date. |
| 8 | Derivative | Restricted Stock Unit | 2022-03-31 | M | D | 392 | $0.00 | 0 | D | $0.00 · — to — | 392 Common Stock | (F2) The shares represent the settlement under a time-based RSU award granted March 2, 2020. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on March 31, 2022, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date. |