Scott Deverell - 21 Jul 2023 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
21 Jul 2023
Net transactions value
-$40,148
Form type
4
Filing time
25 Jul 2023, 16:34:04 UTC
Previous filing
26 May 2023
Next filing
24 Aug 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 Options Exercise $0 +1,276 +68% $0.000000 3,158 21 Jul 2023 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability $40,148 -473 -15% $84.88 2,685 21 Jul 2023 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 Options Exercise $0 -1,276 -100% $0.000000* 0 21 Jul 2023 Common Stock, $.50 par value 1,276 $0.000000 Direct F1, F4
holding TRNS Restricted Stock Units 209 21 Jul 2023 Common Stock, $.50 par value 209 $0.000000 Direct F1, F5
holding TRNS Restricted Stock Units 274 21 Jul 2023 Common Stock, $.50 par value 274 $0.000000 Direct F1, F6
holding TRNS Restricted Stock Units 325 21 Jul 2023 Common Stock, $.50 par value 325 $0.000000 Direct F1, F7
* 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 Includes 17 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3 Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
F4 These restricted stock units vested on July 21, 2023.
F5 These restricted stock units vest on March 28, 2026, except as otherwise provided in the award notice.
F6 These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F7 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.