Douglas A. Rein - May 25, 2022 Form 4 Insider Report for TESSCO TECHNOLOGIES INC (TESS)

Role
SENIOR VICE PRESIDENT
Signature
Douglas A. Rein by Aric Spitulnik by Power of Attorney
Stock symbol
TESS
Transactions as of
May 25, 2022
Transactions value $
$0
Form type
4
Date filed
5/27/2022, 09:01 PM
Previous filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TESS Common Stock Options Exercise +7.66K +7.6% 108K May 25, 2022 Direct F1, F2
transaction TESS Common Stock Tax liability -2.88K -2.65% 106K May 25, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In respect of the Performance-Stock Units (or PSUs) granted in May 2021 with respect to fiscal year 2022, on May 25, 2022, the reporting person earned the right to receive 7,659 shares of Common Stock. The reporting person was associated with the Issuer on May 25, 2022, resulting in the vesting and issuance of 7,659 shares of Common Stock so earned.
F2 All shares are owned directly, except for 4,202 shares which are owned indirectly, through the TESSCO Technologies 401(k) plan and 12,876 shares owned indirectly, through the TESSCO Team Member Stock Purchase Plan.
F3 $5.80 -- closing market price on May 25, 2022