Kadant (KAI) director Leonard receives 129 shares as RSUs vest, now holds 4,642

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kadant Inc. director Thomas C. Leonard increased his direct shareholdings through routine equity compensation. On April 4, 2026, 129 restricted stock units vested and were converted into 129 shares of common stock at no cash exercise price.

Following the delivery of these shares, Leonard directly owned 4,642 shares of Kadant common stock. The vesting stems from a restricted stock unit award dated March 11, 2026. The footnote states that the remaining units from this award will vest in equal installments on the last day of each of Kadant’s fiscal quarters in 2026, as long as he continues serving as a director.

Insider Trade Summary

129 shares exercised/converted

Mixed 2 txns

Insider LEONARD THOMAS C

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	129	$0.00	--
Exercise	Common Stock	129	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 384 shares (Direct); Common Stock — 4,642 shares (Direct)

Footnotes (1)

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Key Figures

RSUs vested: 129 units Shares delivered: 129 shares Shares owned after: 4,642 shares +1 more

4 metrics

RSUs vested 129 units Restricted stock units vested and converted on April 4, 2026

Shares delivered 129 shares Common stock delivered upon RSU vesting at $0.00 per share

Shares owned after 4,642 shares Direct Kadant common stock holdings after the transaction

Derivative exercise code M Exercise or conversion of derivative security on Form 4

Key Terms

Restricted Stock Unit, partial vesting, fiscal quarters, derivative security

4 terms

Restricted Stock Unit financial

"Represents partial vesting of a restricted stock unit award on April 4, 2026"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

partial vesting financial

"Represents partial vesting of a restricted stock unit award on April 4, 2026"

fiscal quarters financial

"The remainder of the shares vest in equal installments on the last day of each of the Issuer's fiscal quarters in 2026"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 08:34 AM

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^*

LEONARD THOMAS C

(Last)

(First)

(Middle)

KADANT INC.

ONE TECHNOLOGY PARK DRIVE

(Street)

WESTFORD

MASSACHUSETTS

01886

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/04/2026		M		129	A	⁽¹⁾	4,642	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	$0	04/04/2026		M			129	⁽¹⁾	01/31/2027	Common Stock	129	$0	384	D

Explanation of Responses:

1. Represents partial vesting of a restricted stock unit award on April 4, 2026 and delivery of shares of the reporting person pursuant to the terms of a restricted stock unit award agreement dated March 11, 2026. The remainder of the shares vest in equal installments on the last day of each of the Issuer's fiscal quarters in 2026 provided the recipient continues to serve as a director of the Issuer.

Remarks:

	/s/ Stacy D. Krause, by power of attorney	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Kadant (KAI) director Thomas C. Leonard report in this Form 4?

Thomas C. Leonard reported the vesting of 129 restricted stock units and delivery of 129 Kadant common shares. This was a routine compensation-related event under an existing restricted stock unit award agreement dated March 11, 2026, not an open-market stock purchase or sale.

How many Kadant (KAI) shares does Thomas C. Leonard own after this transaction?

After the April 4, 2026 transaction, Thomas C. Leonard directly owns 4,642 shares of Kadant common stock. This total reflects the addition of 129 shares delivered upon vesting of restricted stock units, as shown in the Form 4 ownership table for his direct holdings.

Was the Kadant (KAI) Form 4 transaction an open-market buy or sell?

The Form 4 does not show any open-market buying or selling. It reports a derivative exercise where 129 restricted stock units vested and were delivered as common shares at a zero exercise price, reflecting routine equity compensation rather than discretionary market trading activity.

What is the source of the vested restricted stock units for Kadant (KAI) director Leonard?

The vested restricted stock units come from a restricted stock unit award agreement dated March 11, 2026. The Form 4 footnote explains this award and states that the remaining units vest in equal installments each fiscal quarter in 2026 if Leonard continues serving as a director.

How many restricted stock units vested for Kadant (KAI) director Leonard on April 4, 2026?

On April 4, 2026, 129 restricted stock units vested for Thomas C. Leonard. These units were converted into 129 shares of Kadant common stock at an exercise price of $0.00 per share, consistent with the terms of his restricted stock unit award agreement.

Does the Kadant (KAI) Form 4 mention future vesting for Leonard’s restricted stock units?

Yes. The footnote states the remaining shares under the March 11, 2026 restricted stock unit award will vest in equal installments on the last day of each Kadant fiscal quarter in 2026, provided Leonard continues to serve as a director throughout that period.