Kadant (KAI) CEO moves 48,667 common shares into family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kadant Inc. President & CEO Jeffrey L. Powell reported a bona fide gift of 48,667 shares of Kadant common stock on March 11, 2026. The shares were transferred for no consideration to the Jeffrey L. Powell Revocable Trust, where Powell serves as trustee.
Powell and his immediate family are the sole beneficiaries of the trust, and he remains the beneficial owner of the securities held by it. After the transfer, he directly owned 12,282 shares and indirectly held 48,667 shares through the revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
48,667 shares gifted
Mixed
2 txns
Insider
Powell Jeffrey L
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 48,667 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,282 shares (Direct);
Common Stock — 48,667 shares (Indirect, By Jeffrey L. Powell, and his Successors, as Trustee of the Jeffrey L. Powell Revocable Trust)
Footnotes (1)
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FAQ
What insider transaction did Kadant (KAI) report for Jeffrey L. Powell?
Kadant reported that President & CEO Jeffrey L. Powell made a bona fide gift of 48,667 shares of common stock. The shares were transferred on March 11, 2026 to a revocable trust associated with him, with no consideration received.
What are Jeffrey L. Powell’s Kadant (KAI) holdings after the reported gift?
After the reported gift, Powell directly owned 12,282 shares of Kadant common stock. He also indirectly held 48,667 shares through the Jeffrey L. Powell Revocable Trust, where he serves as trustee for himself and his immediate family.
Was the Kadant (KAI) CEO’s Form 4 transaction a market sale or a gift?
The transaction was a bona fide gift, not a market sale. The 48,667 Kadant shares were transferred for no consideration into a revocable trust, and the Form 4 lists the transaction code as G, which corresponds to a gift disposition.
How is the trust described in the Kadant (KAI) Form 4 footnote?
The trust is described as the Jeffrey L. Powell Revocable Trust, with Powell and his successors as trustee. The filing notes that Powell and his immediate family are the sole beneficiaries, and that he remains the beneficial owner of the securities held there.