Scott Deverell - Jul 21, 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Principal Accounting Officer
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Scott Deverell
Stock symbol
TRNS
Transactions as of
Jul 21, 2023
Transactions value $
-$40,148
Form type
4
Date filed
7/25/2023, 04:34 PM
Previous filing
May 26, 2023
Next filing
Aug 24, 2023

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 +1.28K +67.8% $0.00 3.16K Jul 21, 2023 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$40.1K -473 -14.98% $84.88 2.69K Jul 21, 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 -1.28K -100% $0.00* 0 Jul 21, 2023 Common Stock, $.50 par value 1.28K $0.00 Direct F1, F4
holding TRNS Restricted Stock Units 209 Jul 21, 2023 Common Stock, $.50 par value 209 $0.00 Direct F1, F5
holding TRNS Restricted Stock Units 274 Jul 21, 2023 Common Stock, $.50 par value 274 $0.00 Direct F1, F6
holding TRNS Restricted Stock Units 325 Jul 21, 2023 Common Stock, $.50 par value 325 $0.00 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.