James M. Jenkins - May 20, 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Chief Legal & Corp Dev Officer
Signature
/s/ Scott Deverell, Attorney-in-Fact for James M. Jenkins
Stock symbol
TRNS
Transactions as of
May 20, 2024
Transactions value $
-$99,792
Form type
4
Date filed
5/22/2024, 04:45 PM
Previous filing
Apr 2, 2024
Next filing
May 28, 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 +1.82K +29.71% $0.00 7.94K May 20, 2024 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$99.8K -804 -10.13% $124.12 7.13K May 20, 2024 Direct F3
holding TRNS Common Stock, $.50 par value 1K May 20, 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
holding TRNS Restricted Stock Units 3.49K May 20, 2024 Common Stock, $.50 par value 3.49K $0.00 Direct F4
holding TRNS Restricted Stock Units 1.19K May 20, 2024 Common Stock, $.50 par value 1.19K $0.00 Direct F5
holding TRNS Stock Option (Right to Buy) 3.5K May 20, 2024 Common Stock, $.50 par value 3.5K $63.17 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. Jenkins 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 21 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, vest on March 28, 2026, except as otherwise provided in the award notice.
F5 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.
F6 This option vests on the third anniversary of the date of grant.