Lee D. Rudow - May 20, 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ Scott Deverell, Attorney-in-Fact for Lee D. Rudow
Stock symbol
TRNS
Transactions as of
May 20, 2024
Transactions value $
-$662,304
Form type
4
Date filed
5/22/2024, 04:41 PM
Previous filing
Apr 2, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Award $0 +5.34K +5.15% $0.00 109K May 20, 2024 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$247K -1.99K -1.83% $124.12 107K May 20, 2024 Direct F3
transaction TRNS Common Stock, $.50 par value Sale -$415K -3.34K -3.12% $124.12 104K May 20, 2024 Direct

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 Award $0 +3.93K $0.00 3.93K May 20, 2024 Common Stock, $.50 par value 3.93K $0.00 Direct F4
holding TRNS Restricted Stock Units 8.79K May 20, 2024 Common Stock, $.50 par value 8.79K $0.00 Direct F5
holding TRNS Restricted Stock Units 3.48K May 20, 2024 Common Stock, $.50 par value 3.48K $0.00 Direct F6
holding TRNS Stock Option (Right to Buy) 10K May 20, 2024 Common Stock, $.50 par value 10K $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 shares were awarded to Mr. Rudow upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2024.
F2 Includes 4 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, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2027.
F5 These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, except as otherwise provided in the award notice.
F6 These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2025, except as otherwise provided in the award notice.
F7 This option vests on May 25, 2025, except as otherwise provided in the award notice.