James M. Jenkins - 20 May 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
Issuer symbol
TRNS
Transactions as of
20 May 2024
Net transactions value
-$99,792
Form type
4
Filing time
22 May 2024, 16:45:37 UTC
Previous filing
02 Apr 2024
Next filing
28 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Award $0 +1,818 +30% $0.000000 7,937 20 May 2024 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability $99,792 -804 -10% $124.12 7,133 20 May 2024 Direct F3
holding TRNS Common Stock, $.50 par value 1,000 20 May 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 3,485 20 May 2024 Common Stock, $.50 par value 3,485 $0.000000 Direct F4
holding TRNS Restricted Stock Units 1,188 20 May 2024 Common Stock, $.50 par value 1,188 $0.000000 Direct F5
holding TRNS Stock Option (Right to Buy) 3,500 20 May 2024 Common Stock, $.50 par value 3,500 $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.