Kadant (NYSE: KAI) CFO receives new performance and time-based RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MCKENNEY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Kadant Inc. Executive Vice President and CFO Michael J. McKenney received new equity awards in the form of restricted stock units. On March 10, 2026 he was granted 2,367 RSUs tied to performance for fiscal 2026 and 592 time-based RSUs, each RSU representing one share of common stock.

The performance-based RSUs vest and are distributable in three equal installments beginning March 10, 2027, with a maximum payout of 150% of the 2,367-unit award if conditions are met and employment continues through vesting. The 592-unit award also vests in three annual installments starting March 10, 2027, subject to continued employment. Following these awards, McKenney directly holds 12,966.009 shares of Kadant common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MCKENNEY MICHAEL J

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,367	$0.00	--
Grant/Award	Restricted Stock Unit	592	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 2,367 shares (Direct); Common Stock — 12,966.009 shares (Direct)

Footnotes (1)

Includes 72 shares acquired in an exempt transaction pursuant to the Issuer's Employee's Stock Purchse Plan on December 30, 2025. 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.

Form 4 Insider Transactions: What Each Field Means →

03/10/2026 - 05:39 PM

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^*

MCKENNEY MICHAEL J

(Last)

(First)

(Middle)

KADANT INC.

ONE TECHNOLOGY PARK DRIVE

(Street)

WESTFORD

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)
	Executive Vice President & CFO

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)
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								12,966.009	D⁽¹⁾

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	03/10/2026		A		2,367		⁽²⁾	04/30/2029	Common Stock	2,367	$0	2,367	D
Restricted Stock Unit	$0	03/10/2026		A		592		⁽³⁾	04/30/2029	Common Stock	592	$0	592	D

Explanation of Responses:

1. Includes 72 shares acquired in an exempt transaction pursuant to the Issuer's Employee's Stock Purchse Plan on December 30, 2025.

2. 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

3. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider equity awards did Kadant (KAI) CFO Michael J. McKenney receive?

Kadant’s CFO Michael J. McKenney received 2,367 performance-based restricted stock units and 592 time-based restricted stock units on March 10, 2026. Each RSU represents one share of common stock and is granted as part of his equity-based compensation package.

How do the new Kadant (KAI) RSU grants to the CFO vest?

Both RSU grants vest in three equal annual installments starting March 10, 2027. The performance-based RSUs require Kadant to meet certain fiscal 2026 performance goals and for McKenney to remain employed on each vesting date for shares to be delivered.

What is the maximum number of shares Kadant (KAI) CFO may receive from the performance RSUs?

For the 2,367 performance-based restricted stock units, the maximum number of Kadant common shares McKenney may receive is 150% of that RSU amount. Actual delivery depends on fiscal 2026 performance and his continued employment through vesting dates.

What are Michael J. McKenney’s reported Kadant (KAI) common stock holdings after these transactions?

After the reported transactions, Michael J. McKenney directly holds 12,966.009 shares of Kadant common stock. This total includes 72 shares acquired earlier through the company’s employee stock purchase plan in an exempt transaction dated December 30, 2025.

Are the Kadant (KAI) CFO’s RSU awards open-market purchases or sales?

The RSU awards to Kadant’s CFO are compensation-related grants, not open-market trades. They were reported with transaction code A, meaning grant or award, and carry no per-share purchase price, reflecting equity-based compensation rather than buy or sell decisions.

When do the newly granted Kadant (KAI) RSUs expire if unvested?

Both sets of restricted stock units granted to the Kadant CFO carry an expiration date of April 30, 2029. Vesting begins March 10, 2027, and the units must vest and be settled before expiration under their respective performance and service conditions.