Scott Deverell - 20 May 2024 Form 4 Insider Report for TRANSCAT INC (TRNS)

Reporting relationship: Principal Accounting Officer
Issuer ticker: TRNS
Reported as of: 20 May 2024
Net transaction value: -$20,604
SEC form: 4
Accepted by SEC: 22 May 2024, 16:43:11 UTC
Prior SEC filing: 02 Apr 2024
Next SEC filing: 01 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Scott Deverell

Key filing fact

Scott Deverell filed Form 4 for TRANSCAT INC (TRNS) on 22 May 2024.

Key facts

This page summarizes Scott Deverell's Form 4 filing for TRANSCAT INC (TRNS).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 22 May 2024, 16:43.

Change

Previous filing in this sequence was filed on 02 Apr 2024.
Current net transaction value: -$20,604.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TRNS transaction

Common Stock, $.50 par value

Award

Transaction value: $0
Shares: +419
Change %: +21%
Price: $0.000000
Shares after: 2,386
Date: 20 May 2024
Ownership: Direct
Footnotes: F1, F2

TRNS transaction

Common Stock, $.50 par value

Tax liability

Transaction value: $20,604
Shares: -166
Change %: -7%
Price: $124.12
Shares after: 2,220
Date: 20 May 2024
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TRNS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +227
Change %
Price: $0.000000
Shares after: 227
Date: 20 May 2024
Ownership: Direct
Underlying class: Common Stock, $.50 par value
Underlying amount: 227
Exercise price: $0.000000
Footnotes: F4

TRNS holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 209
Date: 20 May 2024
Ownership: Direct
Underlying class: Common Stock, $.50 par value
Underlying amount: 209
Exercise price: $0.000000
Footnotes: F5

TRNS holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 274
Date: 20 May 2024
Ownership: Direct
Underlying class: Common Stock, $.50 par value
Underlying amount: 274
Exercise price: $0.000000
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

These shares were awarded to Mr. Deverell 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.

Footnote F2

Includes 15 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

Footnote F3

Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units.

Footnote F4

These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2027.

Footnote F5

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.

Footnote F6

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.