# EDGAR Filing Document

**Accession Number:** 0000886346
**File Stem:** 0000886346-23-000041
**Filing Date:** 2023-3
**Character Count:** 8716
**Document Hash:** 559e316af1a7762b3cc3f3184f4abd92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000886346-23-000041.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0000886346-23-000041

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230310

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Powell Jeffrey L
- **CENTRAL INDEX KEY:** 0001406518

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11406
- **FILM NUMBER:** 23723613

**MAIL ADDRESS:**
- **STREET 1:** 1 WALNUT STREET
- **CITY:** ACTON
- **STATE:** MA
- **ZIP:** 01720
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KADANT INC
- **CENTRAL INDEX KEY:** 0000886346
- **STANDARD INDUSTRIAL CLASSIFICATION:** SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
- **IRS NUMBER:** 521762325
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** ONE TECHNOLOGY PARK DRIVE
- **CITY:** WESTFORD
- **STATE:** MA
- **ZIP:** 01886
- **BUSINESS PHONE:** (978) 776-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE TECHNOLOGY PARK DRIVE
- **CITY:** WESTFORD
- **STATE:** MA
- **ZIP:** 01886

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THERMO FIBERTEK INC
- **DATE OF NAME CHANGE:** 19930328

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Powell Jeffrey L<br><sub>(Last) (First) (Middle)</sub><br>KADANT INC.<br>ONE TECHNOLOGY PARK DRIVE<br><sub>(Street)</sub><br>WESTFORD, MA 01886<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-10 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President & CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>KADANT INC [ KAI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-10 |  | M |  | 5005 | A | <sup>(1)</sup> | 47554 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 2220 | D | $213.64 | 45334 | D |  |
| Common Stock | 2023-03-10 |  | M |  | 1321 | A | <sup>(2)</sup> | 46655 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 586 | D | $213.64 | 46069 | D |  |
| Common Stock | 2023-03-10 |  | M |  | 5007 | A | <sup>(3)</sup> | 51076 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 2221 | D | $213.64 | 48855 | D |  |
| Common Stock | 2023-03-10 |  | M |  | 834 | A | <sup>(4)</sup> | 49689 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 370 | D | $213.64 | 49319 | D |  |
| Common Stock | 2023-03-10 |  | M |  | 2836 | A | <sup>(5)</sup> | 52155 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 1258 | D | $213.64 | 50897 | D |  |
| Common Stock | 2023-03-10 |  | M |  | 628 | A | <sup>(6)</sup> | 51525 | D |  |
| Common Stock | 2023-03-10 |  | F |  | 279 | D | $213.64 | 51246 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 5005 | <sup>(1)</sup> | 2023-04-30 | Common Stock | 5005.0 | $0 | 0 | D |  |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 1321 | <sup>(2)</sup> | 2023-04-30 | Common Stock | 1321.0 | $0 | 0 | D |  |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 5007 | <sup>(3)</sup> | 2024-04-30 | Common Stock | 5007.0 | $0 | 5007 | D |  |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 834 | <sup>(4)</sup> | 2024-04-30 | Common Stock | 834.0 | $0 | 834 | D |  |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 2836 | <sup>(5)</sup> | 2025-04-30 | Common Stock | 2836.0 | $0 | 5672 | D |  |
| Restricted Stock Unit | $0.0 | 2023-03-10 |  | M |  |  | 628 | <sup>(6)</sup> | 2025-04-30 | Common Stock | 628.0 | $0 | 1254 | D |  |

---

### Footnotes:

(1) The shares represent the partial settlement under a performance-based RSU award granted March 2, 2020.  One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

(2) The shares represent the partial settlement under a time-based RSU award granted March 2, 2020.  One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

(3) The shares represent the partial settlement under a performance-based RSU award granted March 9, 2021.  One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

(4) The shares represent the partial settlement under a time-based RSU award granted March 9, 2021.  One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

(5) The shares represent the partial settlement under a performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

(6) The shares represent the partial settlement under a time-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2023 and was converted to common stock on a one-for-one basis on the vesting date.

**Signature:** /s/ Stacy D. Krause, by power of attorney  
**Date:** 2023-03-10

### Remarks:

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.**