Form 4 for TACT TRANSACT TECHNOLOGIES INC
Accepted 2024-01-02 00:00:00 ET · period of report 2023-12-31 · accession 0001017303-24-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-02 | 2023-12-31 | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $6.98 | +1,553 | 89.9K | +2% | +$10.8K |
| D | 2024-01-02 | 2023-12-31 | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $6.98 | -2,562 | 0 | -100% | -$17.9K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-12-31 | M | A | 1,553 | $6.98 | 89,872 | D | — | — | (F3) Mr. DeMartino relinquished 1,009 shares of common stock of the 2,562 performance stock units that converted to common stock on January 2, 2024 in order to pay the required income and payroll taxes. |
| 2 | Derivative | Performance Stock Units | 2023-12-31 | M | D | 2,562 | $6.98 | 0 | D | $6.98 · — to — | 2,562 Common Stock | (F2) Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, 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. |