Scott Deverell - May 20, 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Principal Accounting Officer
Signature: /s/ Scott Deverell
Stock symbol: TRNS
Transactions as of: May 20, 2024
Transactions value $: -$20,604
Form type: 4
Date filed: 5/22/2024, 04:43 PM
Previous filing: Apr 2, 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	+419	+21.3%	$0.00	2.39K	May 20, 2024	Direct	F1, F2
transaction	TRNS	Common Stock, $.50 par value	Tax liability	-$20.6K	-166	-6.96%	$124.12	2.22K	May 20, 2024	Direct	F3

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	+227		$0.00	227	May 20, 2024	Common Stock, $.50 par value	227	$0.00	Direct	F4
holding	TRNS	Restricted Stock Units						209	May 20, 2024	Common Stock, $.50 par value	209	$0.00	Direct	F5
holding	TRNS	Restricted Stock Units						274	May 20, 2024	Common Stock, $.50 par value	274	$0.00	Direct	F6

* 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. Deverell 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 15 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3	Shares withheld to cover tax withholding obligations on the vesting of performance-based 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.