Kadant (NYSE: KAI) VP settles RSU awards, ends with 1,957 common shares

Rhea-AI Filing Summary

Kadant Inc vice president Thomas Andrew Blanchard reported routine equity compensation activity. On March 10, 2026, he exercised and settled restricted stock units that had vested, converting 1,140 shares of RSUs into an equal number of Kadant common shares.

To cover tax obligations, 443 common shares were withheld at a price of $334.17 per share, with the remaining vested shares added to his holdings. Following these transactions, Blanchard directly owned 1,957 shares of Kadant common stock. Footnotes explain that these settlements reflect one-third vesting of performance- and time-based RSU awards granted between March 2023 and March 2025, each converting to common stock on a one-for-one basis at vesting.

Insider Trade Summary

1,140 shares exercised/converted

Mixed 18 txns

Insider Blanchard Thomas Andrew

Role Vice President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	411	$0.00	--
Exercise	Restricted Stock Unit	78	$0.00	--
Exercise	Restricted Stock Unit	303	$0.00	--
Exercise	Restricted Stock Unit	72	$0.00	--
Exercise	Restricted Stock Unit	219	$0.00	--
Exercise	Restricted Stock Unit	57	$0.00	--
Exercise	Common Stock	411	$0.00	--
Tax Withholding	Common Stock	159	$334.17	$53K
Exercise	Common Stock	78	$0.00	--
Tax Withholding	Common Stock	31	$334.17	$10K
Exercise	Common Stock	303	$0.00	--
Tax Withholding	Common Stock	117	$334.17	$39K
Exercise	Common Stock	72	$0.00	--
Tax Withholding	Common Stock	28	$334.17	$9K
Exercise	Common Stock	219	$0.00	--
Tax Withholding	Common Stock	85	$334.17	$28K
Exercise	Common Stock	57	$0.00	--
Tax Withholding	Common Stock	23	$334.17	$8K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 1,671 shares (Direct)

Footnotes (1)

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 comon 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Blanchard Thomas Andrew

(Last) (First) (Middle)

KADANT INC.

ONE TECHNOLOGY PARK DRIVE

(Street)

WESTFORD MA 01886

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KADANT INC [ KAI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		M		411	A	(1)	1,671	D
Common Stock	03/10/2026		F		159	D	$334.17	1,512	D
Common Stock	03/10/2026		M		78	A	(2)	1,590	D
Common Stock	03/10/2026		F		31	D	$334.17	1,559	D
Common Stock	03/10/2026		M		303	A	(3)	1,862	D
Common Stock	03/10/2026		F		117	D	$334.17	1,745	D
Common Stock	03/10/2026		M		72	A	(4)	1,817	D
Common Stock	03/10/2026		F		28	D	$334.17	1,789	D
Common Stock	03/10/2026		M		219	A	(5)	2,008	D
Common Stock	03/10/2026		F		85	D	$334.17	1,923	D
Common Stock	03/10/2026		M		57	A	(6)	1,980	D
Common Stock	03/10/2026		F		23	D	$334.17	1,957	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$0	03/10/2026		M			411	(1)	04/30/2026	Common Stock	411	$0	0	D
Restricted Stock Unit	$0	03/10/2026		M			78	(2)	04/30/2026	Common Stock	78	$0	0	D
Restricted Stock Unit	$0	03/10/2026		M			303	(3)	04/30/2027	Common Stock	303	$0	303	D
Restricted Stock Unit	$0	03/10/2026		M			72	(4)	04/30/2027	Common Stock	72	$0	72	D
Restricted Stock Unit	$0	03/10/2026		M			219	(5)	04/30/2028	Common Stock	219	$0	438	D
Restricted Stock Unit	$0	03/10/2026		M			57	(6)	04/30/2028	Common Stock	57	$0	114	D

Explanation of Responses:

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.

2. 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.

3. 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 comon stock on a one-for-one basis on the vesting date.

4. 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.

5. 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

6. 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.

Remarks:

	/s/ Stacy D. Krause, by power of attorney	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Kadant (KAI) report for Thomas Andrew Blanchard?

Kadant vice president Thomas Andrew Blanchard reported routine equity compensation activity. On March 10, 2026, he settled restricted stock units, converting 1,140 vested RSU shares into the same number of Kadant common shares as part of scheduled performance- and time-based awards.

How many Kadant (KAI) RSU shares did Blanchard have vested and converted?

Blanchard had 1,140 restricted stock unit shares vest and convert. Each RSU converted into one share of Kadant common stock on March 10, 2026, reflecting one-third vesting of several performance- and time-based awards granted between March 2023 and March 2025.

How many Kadant (KAI) shares were withheld for taxes in this Form 4?

A total of 443 Kadant common shares were withheld for taxes. These tax-withholding dispositions used a price of $334.17 per share and represent shares delivered to satisfy tax liabilities, not open-market sales or discretionary selling by the executive.

What are Thomas Blanchard’s Kadant (KAI) common stock holdings after the transactions?

After the reported transactions, Blanchard directly owned 1,957 Kadant common shares. This balance reflects vested restricted stock units converted into common stock, minus shares withheld to cover related tax obligations on the March 10, 2026 vesting events.

Were the Kadant (KAI) insider transactions open-market buys or sales?

The reported activity consists of RSU settlements and tax withholding, not open-market trades. Code M entries show RSUs converting into common shares, while code F entries reflect shares withheld at $334.17 per share to pay tax obligations tied to the vesting.

Which Kadant (KAI) RSU awards were partially settled in this filing?

The filing shows partial settlement of RSU awards granted on March 7, 2023, March 6, 2024, and March 4, 2025. For each performance- and time-based award, one-third vested on March 10, 2026 and converted into Kadant common stock on a one-for-one basis.