FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MCKENNEY MICHAEL J
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
(Last)          (First)          (Middle)

KADANT INC., ONE TECHNOLOGY PARK DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/15/2021
(Street)

WESTFORD, MA 01886
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/15/2021  M(1)  537 A$25.98 21159.009 D  
Common Stock 11/15/2021  S(1)  537 D$218.2959 (2)20622.009 D  
Common Stock 11/15/2021  M(1)  504 A$25.98 21126.009 D  
Common Stock 11/15/2021  S(1)  504 D$219.25 (3)20622.009 D  
Common Stock 11/15/2021  M(1)  1577 A$25.98 22199.009 D  
Common Stock 11/15/2021  S(1)  1577 D$220.2589 (4)20622.009 D  
Common Stock 11/15/2021  M(1)  399 A$25.98 21021.009 D  
Common Stock 11/15/2021  S(1)  399 D$221.4878 (5)20622.009 D  
Common Stock 11/15/2021  M(1)  771 A$25.98 21393.009 D  
Common Stock 11/15/2021  S(1)  771 D$222.5884 (6)20622.009 D  
Common Stock 11/15/2021  M(1)  491 A$25.98 21113.009 D  
Common Stock 11/15/2021  S(1)  491 D$223.4712 (7)20622.009 D  
Common Stock 11/15/2021  M(1)  126 A$25.98 20748.009 D  
Common Stock 11/15/2021  S(1)  126 D$224.4533 (8)20622.009 D  
Common Stock 11/15/2021  M(1)  161 A$25.98 20783.009 D  
Common Stock 11/15/2021  S(1)  161 D$225.572 (9)20622.009 D  
Common Stock 11/15/2021  M(1)  59 A$25.98 20681.009 D  
Common Stock 11/15/2021  S(1)  59 D$227.641 (10)20622.009 D  
Common Stock 11/15/2021  M(1)  7 A$25.98 20629.009 D  
Common Stock 11/15/2021  S(1)  7 D$228.50 20622.009 D  
Common Stock 11/15/2021  M(1)  96 A$25.98 20718.009 D  
Common Stock 11/15/2021  S(1)  96 D$230 20622.009 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    537   (11)3/6/2023 Common Stock 537.0 $0 4191 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    504   (11)3/6/2023 Common Stock 504.0 $0 3687 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    1577   (11)3/6/2023 Common Stock 1577.0 $0 2110 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    399   (11)3/6/2023 Common Stock 399.0 $0 1711 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    771   (11)3/6/2023 Common Stock 771.0 $0 940 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    491   (11)3/6/2023 Common Stock 491.0 $0 449 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    126   (11)3/6/2023 Common Stock 126.0 $0 323 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    161   (11)3/6/2023 Common Stock 161.0 $0 162 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    59   (11)3/6/2023 Common Stock 59.0 $0 103 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    7   (11)3/6/2023 Common Stock 7.0 $0 96 D  
Stock Option (Right to Buy) $25.98 11/15/2021  M (1)    96   (11)3/6/2023 Common Stock 96.0 $0 0 D  

Explanation of Responses:
(1) The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted September 27, 2021.
(2) Represents the weighted average sale price. The actual sales prices range from $217.71 to $218.71 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(3) Represents the weighted average sale price. The actual sales prices range from $218.72 to $219.70 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(4) Represents the weighted average sale price. The actual sales prices range from $219.81 to $220.75 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(5) Represents the weighted average sale price. The actual sales prices range from $220.965 to $221.96 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(6) Represents the weighted average sale price. The actual sales prices range from $222.00 to $222.97 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(7) Represents the weighted average sale price. The actual sales prices range from $223.04 to $224 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(8) Represents the weighted average sale price. The actual sales prices range from $224.215 to $224.57 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(9) Represents the weighted average sale price. The actual sales prices range from $225.28 to $226.00 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(10) Represents the weighted average sale price. The actual sales prices range from $227.46 to $227.77 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
(11) This stock option is fully vested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
MCKENNEY MICHAEL J
KADANT INC.
ONE TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886


Executive Vice President & CFO

Signatures
/s/ Stacy D. Krause, by power of attorney11/16/2021
**Signature of Reporting PersonDate

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