Lee D. Rudow - Nov 15, 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
Nov 15, 2023
Transactions value $
-$546,720
Form type
4
Date filed
11/17/2023, 04:31 PM
Previous filing
Nov 13, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Sale -$180K -2K -1.67% $90.18 117K Nov 15, 2023 Direct
transaction TRNS Common Stock, $.50 par value Sale -$366K -4K -3.4% $91.59 113K Nov 15, 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
holding TRNS Restricted Stock Units 8.79K Nov 15, 2023 Common Stock, $.50 par value 8.79K $0.00 Direct F2, F3
holding TRNS Restricted Stock Units 3.48K Nov 15, 2023 Common Stock, $.50 par value 3.48K $0.00 Direct F2, F4
holding TRNS Restricted Stock Units 4.14K Nov 15, 2023 Common Stock, $.50 par value 4.14K $0.00 Direct F2, F5
holding TRNS Stock Option (Right to Buy) 10K Nov 15, 2023 Common Stock, $.50 par value 10K $63.17 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.33 to $92.20, inclusive. Mr. Rudow undertakes to provide Transcat, Inc., any security holder of Transcat, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 These restricted stock units convert into common stock on a one-for-one basis.
F3 These restricted stock units vest on March 28, 2026, 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 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F6 This option vests on May 25, 2025, except as otherwise provided in the award notice.