Thomas L. Barbato - Mar 30, 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Sr. VP Finance & CFO
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Thomas Barbato
Stock symbol
TRNS
Transactions as of
Mar 30, 2024
Transactions value $
-$41,898
Form type
4
Date filed
4/2/2024, 04:34 PM
Previous filing
May 26, 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 +766 $0.00 766 Mar 30, 2024 Direct F1
transaction TRNS Common Stock, $.50 par value Tax liability -$41.9K -376 -49.09% $111.43 390 Mar 30, 2024 Direct F2

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 -766 -100% $0.00* 0 Mar 30, 2024 Common Stock, $.50 par value 766 $0.00 Direct F1, F3
holding TRNS Restricted Stock Units 3.69K Mar 30, 2024 Common Stock, $.50 par value 3.69K $0.00 Direct F1, F4
holding TRNS Restricted Stock Units 1.42K Mar 30, 2024 Common Stock, $.50 par value 1.42K $0.00 Direct F1, F5
holding TRNS Stock Option (Right to Buy) 6K Mar 30, 2024 Common Stock, $.50 par value 6K $90.92 Direct F6
holding TRNS Stock Option (Right to Buy) 5K Mar 30, 2024 Common Stock, $.50 par value 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 Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
F3 These restricted stock units vested on March 30, 2024.
F4 These restricted stock units vest on March 28, 2026, except as otherwise provided in the award notice.
F5 These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F6 This option vests and becomes exercisable pro rata with respect to one-third of the shares subject to the option on the first, second, and third anniversaries of the date of grant.
F7 This option vests and becomes exercisable on the third anniversary of the date of grant.