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Kadant (KAI) SVP Michael Colwell receives new performance and service RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Colwell Michael C. reported acquisition or exercise transactions in this Form 4 filing.

Kadant Inc. senior vice president Michael C. Colwell received new equity awards in the form of restricted stock units (RSUs). On March 10, 2026, he was granted 1,487 RSUs tied to common stock and 372 additional RSUs, both at no cash cost.

The 1,487 performance-based RSUs vest and are distributed in three equal installments starting on March 10, 2027, if Kadant meets specified fiscal 2026 performance requirements and he remains employed on each vesting date. The maximum payout on this grant can reach 150% of the stated RSU amount. The 372 service-based RSUs also vest in three annual installments beginning March 10, 2027, contingent on continued employment. Following these awards, he directly holds 3,056 shares of Kadant common stock.

Positive

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Insider Colwell Michael C.
Role Senior Vice President
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 1,487 $0.00 --
Grant/Award Restricted Stock Unit 372 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 1,487 shares (Direct); Common Stock — 3,056 shares (Direct)
Footnotes (1)
  1. 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. 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.
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*
Colwell Michael C.

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
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 3,056 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 03/10/2026 A 1,487 (1) 04/30/2029 Common Stock 1,487 $0 1,487 D
Restricted Stock Unit $0 03/10/2026 A 372 (2) 04/30/2029 Common Stock 372 $0 372 D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
/s/ Stacy D. Krause, by power of attorney 03/10/2026
** 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.

FAQ

What insider transactions did Kadant (KAI) report for Michael C. Colwell?

Kadant reported that Senior Vice President Michael C. Colwell received two restricted stock unit grants on March 10, 2026, totaling 1,487 performance-based RSUs and 372 service-based RSUs, each representing the right to receive one share of Kadant common stock at future vesting dates.

How do the new RSU grants for Kadant (KAI) executive Michael Colwell vest?

Both RSU grants vest in three equal annual installments beginning March 10, 2027. The performance-based RSUs require Kadant to meet fiscal 2026 performance requirements and continued employment, while the service-based RSUs require only that Colwell remain employed on each vesting date.

What is the maximum number of Kadant (KAI) shares Michael Colwell can receive from his 2026 RSU grant?

For the performance-based RSU grant of 1,487 units, the maximum number of Kadant common shares Colwell may receive is 150% of the RSU amount, depending on fiscal 2026 performance and continued employment through the scheduled vesting dates starting March 10, 2027.

What type of compensation do the new Kadant (KAI) RSUs represent for Michael Colwell?

The RSUs represent equity-based compensation, not an open-market stock purchase. Each restricted stock unit is a right to receive one share of Kadant common stock in the future if vesting conditions, including performance goals and continued employment, are satisfied.

Did Michael Colwell buy or sell Kadant (KAI) stock in this Form 4 filing?

The filing shows no open-market buys or sells. It reports only grant or award acquisitions of restricted stock units, which are compensation awards. The reported common stock entry reflects 3,056 shares held directly after the transactions, not a market trade.

What is Michael Colwell’s direct Kadant (KAI) common stock holding after the RSU awards?

After the reported transactions, Michael C. Colwell directly holds 3,056 shares of Kadant common stock. This figure reflects his direct ownership position as shown in the Form 4 and is separate from the restricted stock units that may convert into additional shares over time.