Director Leonard Thomas sells 5,133 shares for $1,649,192.34; retains 6,250 shares (45.1% reduction)
Leonard Thomas C, a Director at Kadant Inc (KAI), executed 2 separate sales totaling 5,133 shares for $1,649,192.34 on 2024-09-16, reducing his holdings from 11,383 shares to 6,250 shares (a 45.1% reduction). The sales occurred at a blended average price of $321.29, which is 3.6 points below the current price of $333.65 and 5.8 points above the 52-week low of $215.00. The stock has rallied 7.7% over the 30-day period and 19.1% over 90 days. This significant reduction in director-level holdings occurs against a backdrop of solid fundamentals: the company generated $274.8M in quarterly revenue with $31.3M in net income, a 5.8% annual revenue growth rate, and a P/E ratio of 34.29. The director's sale removes a substantial portion of personal exposure while the company and stock price remain on an upward trajectory.