Steven A. Demartino - Feb 29, 2024 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role
President, CFO, Treas. & Secr.
Signature
Steven A. DeMartino
Stock symbol
TACT
Transactions as of
Feb 29, 2024
Transactions value $
$142,800
Form type
4
Date filed
3/4/2024, 04:35 PM
Previous filing
Feb 28, 2024
Next filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TACT Common Stock Options Exercise $0 +1.2K +1.31% $0.00 92.4K Mar 1, 2024 Direct F1
transaction TACT Common Stock Options Exercise $0 +4.63K +5.01% $0.00 97K Mar 1, 2024 Direct F3
transaction TACT Common Stock Options Exercise $0 +940 +0.97% $0.00 97.9K Mar 2, 2024 Direct F8, F9
transaction TACT Common Stock Options Exercise $0 +833 +0.85% $0.00 98.8K Mar 4, 2024 Direct F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TACT Stock Option Award $143K +21K $6.80 21K Feb 29, 2024 Common Stock 21K $6.80 Direct F5
transaction TACT Restricted Stock Units Award $0 +8.3K $0.00 8.3K Feb 29, 2024 Common Stock 8.3K Direct F6, F7
transaction TACT Restricted Stock Units Options Exercise $0 -1.98K -25% $0.00 5.93K Mar 1, 2024 Common Stock 1.98K Direct F2
transaction TACT Performance Stock Units Options Exercise $0 -7.63K -33.33% $0.00 15.3K Mar 1, 2024 Common Stock 7.63K Direct F4
transaction TACT Restricted Stock Units Options Exercise $0 -1.55K -33.33% $0.00 3.1K Mar 2, 2024 Common Stock 1.55K Direct F8, F11
transaction TACT Resricted Stock Units Options Exercise $0 -1.38K -50% $0.00 1.38K Mar 4, 2024 Common Stock 1.38K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. DeMartino relinquished 778 shares of common stock of the 1,975 restricted stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes.
F2 Shares of Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis
F3 Mr. DeMartino relinquished 3,003 shares of common stock of the 7,630 performance stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes.
F4 Shares of Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on 50% FST Revenue and 50% Adjusted EBITDA for the calendar year 2023. For the FST Revenue metric we achieved 90.6% of the Target resulting in a 81.2% payout. For the Adjusted EDBITDA metric we achieved 136.5% of the target resulting in the maximum 150% payout. Weighting both of these equally at 50%, the resulting payout was 115.6%.
F5 Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan, as Amended and Restated. The option becomes exercisable 25% per year on each anniversary date of the grant.
F6 The Restricted Stock Units convert to common stock on a one-for-one basis.
F7 The Restricted Stock Units were issued pursuant to the TransAct Technologies Incorporated 2014 Equity Incentive Plan, as Amended and Restated. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant.
F8 Shares of restricted stock units (RSU) vested on 03/02/2024 and issued on 03/04/2024.
F9 Mr. DeMartino relinquished 610 shares of common stock of the 1,550 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes.
F10 Mr. DeMartino relinquished 542 shares of common stock of the 1,375 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes.
F11 Shares of Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
F12 Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.