Form 4: Kadant Inc. Vice President Fredrik H. Westerhout Reports Stock Transactions
SEC Form 4
Vice President Fredrik H. Westerhout reports transactions involving Kadant Inc. common stock and restricted stock units, including acquisitions and disposals related to RSU settlements.
Summary
- On March 10, 2024, Fredrik H. Westerhout, a Vice President at Kadant Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions include the acquisition of common stock through the settlement of RSUs and the disposal of common stock to cover tax obligations.
- The RSUs were granted under time-based and performance-based awards from 2021, 2022 and 2023, with one-third of each RSU vesting and becoming distributable on March 10, 2024.
- The price for disposal of shares to cover tax was $327.
- Following these transactions, Westerhout directly owns 2,037 shares of Kadant Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 03/09/2021 | Date of RSU award grant |
| 03/08/2022 | Date of RSU award grant |
| 03/07/2023 | Date of RSU award grant |
| 03/10/2024 | Date of transactions (RSU settlement and stock disposal) |
| 03/12/2024 | Date of signature on the Form 4 filing |
| 04/30/2024 | Expiration date of Restricted Stock Unit |
| 04/30/2025 | Expiration date of Restricted Stock Unit |
| 04/30/2026 | Expiration date of Restricted Stock Unit |
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