Kadant CEO awarded new RSU grants
Powell Jeffrey L reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Powell Jeffrey L reported acquisition or exercise transactions in this Form 4 filing.
Kadant Inc. President & CEO Jeffrey L. Powell received new equity awards in the form of Restricted Stock Units (RSUs). He was granted 9,021 RSUs linked to performance for fiscal 2026 and 2,255 time-based RSUs, each representing the right to receive one share of common stock.
The performance-based RSUs vest and are distributable in three equal installments starting on March 10, 2027 if specified performance goals are met and he remains employed on each vesting date; the maximum payout can reach 150% of the granted amount. The time-based RSUs vest in three annual installments beginning on March 10, 2027, subject to continued employment. Following these awards, he directly holds 54,995 shares of Kadant common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 9,021 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 2,255 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installments beginning on March 10, 2027, provided that the Issuer meets certain performance requirements for fiscal 2026 and the reporting person is employed by the Issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
- F2. This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2027, provided the reporting person is employed by the Issuer on the vesting date.
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