KAI Form 4: 132 Shares Delivered to Director via RSU Vesting

Rhea-AI Filing Summary

Leonard Thomas C, a director of Kadant Inc. (KAI), received shares from a partial vesting of a restricted stock unit award on 09/27/2025. The Form 4 reports 132 shares acquired pursuant to the RSU award agreement dated May 14, 2025, with delivery of shares governed by that award. The filing shows 4,382 shares of Common Stock beneficially owned following the non-derivative transaction and lists 131 shares as beneficially owned following the derivative/underlying reporting line. 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. The form was signed by power of attorney on 09/29/2025.

Insights

Securities Analyst

TL;DR: Routine director compensation vesting; modest share delivery with remaining RSUs continuing to vest conditionally.

The filing documents a standard, time-based partial vesting of a restricted stock unit award resulting in the delivery of 132 shares. This is a compensatory, non-market transaction rather than an open-market purchase or sale. The reported post-transaction beneficial ownership figures are explicitly stated as 4,382 shares (non-derivative line) and 131 shares (derivative/underlying line), reflecting the reporting format used. No disposals, open-market trades, or option exercises are reported. Impact on share count and dilution is immaterial at the company level based on the single director-level grant disclosed here.

Corporate Governance Expert

TL;DR: Compensation-related vesting consistent with director retention practices; remaining award subject to continued service.

The disclosure indicates the RSU award was granted under a written agreement dated May 14, 2025, with partial vesting on September 27, 2025 and the remainder conditioned on continued board service through the end of fiscal Q4 2025. The presence of a power-of-attorney signature is noted, which is common for administrative filing execution. There are no governance red flags or unusual transfer patterns disclosed in this Form 4; the transaction appears routine and administrative in nature.

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^*

LEONARD THOMAS 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)

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)	4,382	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 Leonard Thomas C report on the Form 4 for KAI?

He reported the partial vesting and delivery of 132 shares from a restricted stock unit award on 09/27/2025.

How many shares does the Form 4 show as beneficially owned after the transaction?

The filing lists 4,382 shares on the non-derivative line and 131 shares on the derivative/underlying line as the post-transaction figures.

When will the remaining restricted stock units vest?

The remainder vests on the last day of the issuer's fourth quarter of fiscal 2025, contingent on continued service as a director.

What agreement governs the RSU award?

The restricted stock unit award agreement is dated May 14, 2025, as stated in the Form 4 explanation.

Who signed the Form 4 and when?

The Form 4 was signed by Stacy D. Krause by power of attorney on 09/29/2025, per the filing.