Lee D. Rudow - 15 Nov 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
Issuer symbol
TRNS
Transactions as of
15 Nov 2023
Net transactions value
-$546,720
Form type
4
Filing time
17 Nov 2023, 16:31:39 UTC
Previous filing
13 Nov 2023
Next filing
05 Feb 2024
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 Sale $180,360 -2,000 -1.7% $90.18 117,478 15 Nov 2023 Direct
transaction TRNS Common Stock, $.50 par value Sale $366,360 -4,000 -3.4% $91.59 113,478 15 Nov 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 8,785 15 Nov 2023 Common Stock, $.50 par value 8,785 $0.000000 Direct F2, F3
holding TRNS Restricted Stock Units 3,483 15 Nov 2023 Common Stock, $.50 par value 3,483 $0.000000 Direct F2, F4
holding TRNS Restricted Stock Units 4,138 15 Nov 2023 Common Stock, $.50 par value 4,138 $0.000000 Direct F2, F5
holding TRNS Stock Option (Right to Buy) 10,000 15 Nov 2023 Common Stock, $.50 par value 10,000 $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.