Kadant (NYSE: KAI) CFO nets RSU shares after tax withholding
Rhea-AI Filing Summary
Kadant Inc. Executive Vice President & CFO Michael J. McKenney reported routine equity compensation activity. On March 10, 2026, a total of 3,488 restricted stock units from performance- and time-based awards granted in 2023, 2024, and 2025 vested and were converted into common stock on a one-for-one basis. To cover tax obligations, 1,690 common shares were withheld at a price of $334.17 per share under code F transactions, leaving no open-market sales. Following these transactions, McKenney directly holds 14,764 common shares of Kadant.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting and tax withholding with no open-market trades.
Kadant’s CFO, Michael J. McKenney, settled multiple performance- and time-based restricted stock unit awards that vested on March 10, 2026. In total, 3,488 RSUs granted between 2023 and 2025 converted into an equal number of common shares.
The filing also shows 1,690 common shares withheld at $334.17 per share to satisfy tax liabilities, recorded as F-code dispositions. These are non-market transactions and do not indicate discretionary selling. After all exercises and withholdings, McKenney directly owns 14,764 Kadant common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,253 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 239 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 933 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 223 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 666 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 174 | $0.00 | -- |
| Exercise | Common Stock | 1,253 | $0.00 | -- |
| Tax Withholding | Common Stock | 606 | $334.17 | $203K |
| Exercise | Common Stock | 239 | $0.00 | -- |
| Tax Withholding | Common Stock | 116 | $334.17 | $39K |
| Exercise | Common Stock | 933 | $0.00 | -- |
| Tax Withholding | Common Stock | 452 | $334.17 | $151K |
| Exercise | Common Stock | 223 | $0.00 | -- |
| Tax Withholding | Common Stock | 108 | $334.17 | $36K |
| Exercise | Common Stock | 666 | $0.00 | -- |
| Tax Withholding | Common Stock | 323 | $334.17 | $108K |
| Exercise | Common Stock | 174 | $0.00 | -- |
| Tax Withholding | Common Stock | 85 | $334.17 | $28K |
Footnotes (1)
- 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. 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. 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. 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. 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. 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.
