Lee D. Rudow - May 25, 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Lee D. Rudow
Stock symbol
TRNS
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 04:44 PM
Previous filing
Jun 28, 2022
Next filing
Jul 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRNS Common Stock, $.50 par value 130K May 25, 2023 Direct F1

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 +8.79K $0.00 8.79K May 25, 2023 Common Stock, $.50 par value 8.79K $0.00 Direct F2, F3
holding TRNS Restricted Stock Units 3.48K May 25, 2023 Common Stock, $.50 par value 3.48K $0.00 Direct F2, F4
holding TRNS Restricted Stock Units 4.14K May 25, 2023 Common Stock, $.50 par value 4.14K $0.00 Direct F2, F5
holding TRNS Restricted Stock Units 16.2K May 25, 2023 Common Stock, $.50 par value 16.2K $0.00 Direct F2, F6
holding TRNS Stock Option (Right to Buy) 10K May 25, 2023 Common Stock, $.50 par value 10K $63.17 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 42 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F2 These restricted stock units convert into common stock on a one-for-one basis.
F3 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.
F4 Due to an administrative error, the Reporting Person's previous Form 4 erroneously stated that these restricted stock units vest on May 25, 2025. These restricted stock units will vest on March 28, 2025.
F5 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F6 These restricted stock units vest on July 21, 2023, except as otherwise provided in the award notice.
F7 This option vests on the third anniversary of the date of grant, except as otherwise provided in the award notice.