Thomas L. Barbato - May 25, 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Sr. VP Finance & CFO
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Thomas L. Barbato
Stock symbol
TRNS
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 04:42 PM
Previous filing
Aug 3, 2022
Next filing
Apr 2, 2024

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 +3.69K $0.00 3.69K May 25, 2023 Common Stock, $.50 par value 3.69K $0.00 Direct F1, F2
holding TRNS Restricted Stock Units 766 May 25, 2023 Common Stock, $.50 par value 766 $0.00 Direct F1, F3
holding TRNS Restricted Stock Units 1.42K May 25, 2023 Common Stock, $.50 par value 1.42K $0.00 Direct F1, F4
holding TRNS Stock Option (Right to Buy) 6K May 25, 2023 Common Stock, $.50 par value 6K $90.92 Direct F5
holding TRNS Stock Option (Right to Buy) 5K May 25, 2023 Common Stock, $.50 par value 5K $63.17 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 These restricted stock units 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 March 28, 2026.
F3 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F4 These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F5 This option vests and becomes exercisable pro rata with respect to one-third of the shares subject to the option on the first, second, and third anniversaries of the date of grant.
F6 This option vests and becomes exercisable on the third anniversary of the date of grant.