KAI Form 4: 132 RSUs delivered to director; remaining RSUs contingent

Rhea-AI Filing Summary

KADANT INC (KAI) director Russell Erin L reported a transaction on 09/27/2025 involving restricted stock units and common stock. The filing shows partial vesting and delivery of 132 shares pursuant to a restricted stock unit award agreement dated 05/14/2025, resulting in 4,501 shares beneficially owned following the transaction. The remaining RSU shares vest on the last day of the issuer's fiscal 2025 fourth quarter only if the director continues to serve. The Form 4 was signed by power of attorney on 09/29/2025.

Positive

• 132 shares acquired on 09/27/2025 through partial vesting of RSUs
• Beneficial ownership reported as 4,501 shares following the transaction
• Transaction is compensation-related (delivery under RSU award dated 05/14/2025)

Negative

• Remaining RSU shares are contingent on continued service and vest only at fiscal year-end

Insights

Securities Analyst

TL;DR: Reporting person acquired 132 shares via partial RSU vesting; ownership now 4,501 shares.

The Form 4 documents a routine compensation-related acquisition rather than an open-market trade. The transaction is an issuance/delivery of shares from a restricted stock unit award dated 05/14/2025; 132 shares vested and were delivered on 09/27/2025. The filing reports the post-transaction beneficial ownership level as 4,501 shares. No cash price or open-market sale is reported.

Corporate Governance Expert

TL;DR: Governance-related vesting condition remains: remaining RSUs vest only if director continues service through fiscal year-end.

The explanatory note states the remainder of the RSU award vests on the last day of the issuer's fourth quarter of fiscal 2025 provided continued service as a director. This is a common retention mechanism. The Form 4 was executed by power of attorney on 09/29/2025, and no changes in role or additional disclosures are included.

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

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

1. Name and Address of Reporting Person^*

Russell Erin L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2025

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	09/27/2025		M		132	A	(1)	4,501	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	09/27/2025		M			132	(1)	01/31/2026	Common Stock	132	$0	131	D

Explanation of Responses:

1. Represents partial vesting of a restricted stock unit award on September 27, 2025 and delivery of shares of the reporting person pursuant to the terms of a restricted stock unit award agreement dated May 14, 2025. The remainder of the shares vest on the last day of the Issuer's fourth quarter of fiscal 2025 provided the recipient continues to serve as a director of the Issuer.

Remarks:

	/s/ Stacy D. Krause, by power of attorney	09/29/2025
	** 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 did KAI director Russell Erin L report on 09/27/2025?

The Form 4 reports the partial vesting and delivery of 132 shares under a restricted stock unit award on 09/27/2025.

How many KAI shares does the reporting person own after the transaction?

The filing states the reporting person beneficially owned 4,501 shares following the reported transaction.

When do the remaining RSU shares vest for the reporting person?

The remainder of the RSU award vests on the last day of the issuer's fourth quarter of fiscal 2025, provided the recipient continues to serve as a director.

What agreement governs the RSU delivery reported by KAI (KAI)?

The delivery of shares was pursuant to a restricted stock unit award agreement dated 05/14/2025.

Was the Form 4 signed and when?

The Form 4 was signed by power of attorney on 09/29/2025.