James M. Jenkins - May 31, 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
Stock symbol
TRNS
Transactions as of
May 31, 2024
Transactions value $
-$13,284
Form type
4
Date filed
6/3/2024, 04:29 PM
Previous filing
May 28, 2024
Next filing
Jun 4, 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 +235 +14.52% $0.00 1.85K May 31, 2024 Direct F1
transaction TRNS Common Stock, $.50 par value Tax liability -$13.3K -104 -5.61% $127.73 1.75K May 31, 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 3.49K May 31, 2024 Common Stock, $.50 par value 3.49K $0.00 Direct F3
holding TRNS Restricted Stock Units 1.19K May 31, 2024 Common Stock, $.50 par value 1.19K $0.00 Direct F4
holding TRNS Stock Option (Right to Buy) 3.5K May 31, 2024 Common Stock, $.50 par value 3.5K $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.