Bart C. Shuldman - Dec 31, 2022 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role
CEO, Director
Signature
Steven A DeMartino, Attorney-in-fact
Stock symbol
TACT
Transactions as of
Dec 31, 2022
Transactions value $
$31,075
Form type
4
Date filed
1/4/2023, 05:20 PM
Previous filing
Jun 14, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TACT Common Stock Options Exercise $31.1K +4.92K +4.41% $6.32 116K Dec 31, 2022 Direct F1, F2
holding TACT Common Stock 4.8K Dec 31, 2022 Daughters
holding TACT Common Stock 3.75K Dec 31, 2022 Mother
holding TACT Common Stock 1.5K Dec 31, 2022 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
transaction TACT Performance Stock Units Options Exercise $0 -7.27K -50% $0.00 7.27K Dec 31, 2022 Common Stock 7.27K $6.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of performance stock units (PSU) vested on 12/31/2022 and issued on 1/3/2023.
F2 Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on January 3, 2023 in order to pay the required income and payroll taxes.
F3 Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ended December 31, 2021. The performance criteria was satisfied at a 82.6% level, which resulted in a payout of 56.5% of the PSUs granted during 2021.