James M. Jenkins - Mar 30, 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Chief Legal & Corp Dev Officer
Signature
/s/ James M. Jenkins
Stock symbol
TRNS
Transactions as of
Mar 30, 2024
Transactions value $
-$73,767
Form type
4
Date filed
4/2/2024, 04:34 PM
Previous filing
Dec 13, 2023
Next filing
May 22, 2024

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 +1.41K +26.38% $0.00 6.76K Mar 30, 2024 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$73.8K -662 -9.79% $111.43 6.1K Mar 30, 2024 Direct F3
holding TRNS Common Stock, $.50 par value 1K Mar 30, 2024 By spouse

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 -1.41K -100% $0.00* 0 Mar 30, 2024 Common Stock, $.50 par value 1.41K $0.00 Direct F1, F4
holding TRNS Restricted Stock Units 3.49K Mar 30, 2024 Common Stock, $.50 par value 3.49K $0.00 Direct F1, F5
holding TRNS Restricted Stock Units 1.19K Mar 30, 2024 Common Stock, $.50 par value 1.19K $0.00 Direct F1, F6
holding TRNS Stock Option (Right to Buy) 3.5K Mar 30, 2024 Common Stock, $.50 par value 3.5K $63.17 Direct 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 50 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 March 30, 2024.
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 This option vests on the third anniversary of the date of grant.