Kadant CEO gifts 48,667 shares to revocable trust
Kadant Inc. President & CEO Jeffrey L. Powell reported a bona fide gift of 48,667 shares of Kadant common stock on March 11, 2026.
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Rhea-AI Filing Summary
Kadant Inc. President & CEO Jeffrey L. Powell reported a bona fide gift of 48,667 shares of Kadant common stock on March 11, 2026. The shares were transferred for no consideration to the Jeffrey L. Powell Revocable Trust, where Powell serves as trustee.
Powell and his immediate family are the sole beneficiaries of the trust, and he remains the beneficial owner of the securities held by it. After the transfer, he directly owned 12,282 shares and indirectly held 48,667 shares through the revocable trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 48,667 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. On March 11, 2026, the reporting person transferred 48,667 shares of Kadant Inc. common stock to Jeffrey L. Powell, and his Successors, as Trustee of the Jeffrey L. Powell Revocable Trust, for no consideration. The reporting person is the trustee of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securites held by the trust.
FAQ
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What insider transaction did Kadant (KAI) report for Jeffrey L. Powell?
What are Jeffrey L. Powell’s Kadant (KAI) holdings after the reported gift?
Was the Kadant (KAI) CEO’s Form 4 transaction a market sale or a gift?
How is the trust described in the Kadant (KAI) Form 4 footnote?
AI-generated analysis. How Rhea-AI works. Not financial advice.