James M. Jenkins - 31 May 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Chief Legal & Corp Dev Officer
Signature
/s/ Scott D. Deverell, Attorney-in-Fact for James M. Jenkins
Issuer symbol
TRNS
Transactions as of
31 May 2024
Net transactions value
-$13,284
Form type
4
Filing time
03 Jun 2024, 16:29:41 UTC
Previous filing
28 May 2024
Next filing
04 Jun 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 +235 +15% $0.000000 1,854 31 May 2024 Direct F1
transaction TRNS Common Stock, $.50 par value Tax liability $13,284 -104 -5.6% $127.73 1,750 31 May 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
holding TRNS Restricted Stock Units 3,485 31 May 2024 Common Stock, $.50 par value 3,485 $0.000000 Direct F3
holding TRNS Restricted Stock Units 1,188 31 May 2024 Common Stock, $.50 par value 1,188 $0.000000 Direct F4
holding TRNS Stock Option (Right to Buy) 3,500 31 May 2024 Common Stock, $.50 par value 3,500 $63.17 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James M. Jenkins is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This restricted stock award was granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and vested immediately upon grant.
F2 Shares withheld to cover tax withholding obligations upon the vesting of a restricted stock award.
F3 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.
F4 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.
F5 This option vests on the third anniversary of the date of grant.