Scott Deverell - 25 May 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Principal Accounting Officer
Signature: /s/ James M. Jenkins, Attorney-in-Fact for Scott Deverell
Issuer symbol: TRNS
Transactions as of: 25 May 2022
Net transactions value: -$14,782
Form type: 4
Filing time: 26 May 2022, 16:24:00 UTC
Previous filing: 29 Mar 2022
Next filing: 21 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Award	$0	+582	+24%	$0.000000	2,971	25 May 2022	Direct	F1, F2
transaction	TRNS	Common Stock, $.50 par value	Tax liability	$14,782	-234	-7.9%	$63.17	2,737	25 May 2022	Direct	F3

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	TRNS	Restricted Stock Units	Award	$0	+274		$0.000000	274	25 May 2022	Common Stock, $.50 par value	274	$0.000000	Direct	F4
holding	TRNS	Restricted Stock Units						325	25 May 2022	Common Stock, $.50 par value	325	$0.000000	Direct	F5
holding	TRNS	Restricted Stock Units						1,276	25 May 2022	Common Stock, $.50 par value	1,276	$0.000000	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were awarded to Mr. Deverell upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2022.
F2	Includes 10 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3	These shares were withheld to cover related tax withholding obligations.
F4	These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on May 25, 2025.
F5	These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 30, 2024, except as otherwise provided in the award notice.
F6	These restricted stock units, which convert into common stock on a one-for-one basis, vest on July 21, 2023, except as otherwise provided in the award notice.