Kadant (NYSE: KAI) VP exercises RSUs and updates common share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KADANT INC Vice President Fredrik H. Westerhout reported routine equity compensation activity involving restricted stock units that vested into common shares. On March 10, 2026, he exercised or converted derivative awards covering 1,629 shares of common stock at an exercise price of $0.00 per share.
To cover tax obligations, the company withheld 808 common shares at a price of $334.17 per share, recorded as tax-withholding dispositions rather than market sales. Following these transactions, Westerhout directly held 3,117 shares of Kadant common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,629 shares exercised/converted
Mixed
18 txns
Insider
Westerhout Fredrik H
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 583 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 111 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 438 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 105 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 311 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 81 | $0.00 | -- |
| Exercise | Common Stock | 583 | $0.00 | -- |
| Tax Withholding | Common Stock | 289 | $334.17 | $97K |
| Exercise | Common Stock | 111 | $0.00 | -- |
| Tax Withholding | Common Stock | 55 | $334.17 | $18K |
| Exercise | Common Stock | 438 | $0.00 | -- |
| Tax Withholding | Common Stock | 217 | $334.17 | $73K |
| Exercise | Common Stock | 105 | $0.00 | -- |
| Tax Withholding | Common Stock | 52 | $334.17 | $17K |
| Exercise | Common Stock | 311 | $0.00 | -- |
| Tax Withholding | Common Stock | 154 | $334.17 | $51K |
| Exercise | Common Stock | 81 | $0.00 | -- |
| Tax Withholding | Common Stock | 41 | $334.17 | $14K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 2,879 shares (Direct)
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.
FAQ
What insider activity did KADANT INC (KAI) report for Fredrik H. Westerhout?
KADANT INC reported that Vice President Fredrik H. Westerhout exercised or converted restricted stock units into 1,629 common shares. These transactions reflect vesting of performance-based and time-based RSU awards granted between 2023 and 2025, settling on a one-for-one basis into common stock.
What types of equity awards vested for KADANT INC (KAI) in this Form 4?
The transactions involve partial settlements of both performance-based and time-based restricted stock unit awards. One-third of each RSU grant from March 2023, March 2024, and March 2025 vested on March 10, 2026 and converted into common stock one-for-one.
Were there any open-market stock sales by Fredrik Westerhout in this KAI Form 4?
The Form 4 does not report any open-market purchases or sales. Dispositions are all F-code entries, meaning 808 shares were withheld to satisfy tax liabilities related to RSU vesting, rather than being sold into the public market for cash.
What does the M transaction code mean in KADANT INC (KAI) Vice President’s Form 4?
The M code in this Form 4 represents the exercise or conversion of derivative securities, here restricted stock units. It indicates that 1,629 underlying Kadant common shares were delivered upon vesting of RSU awards, rather than an open-market stock purchase.