Form 4 for TACT TRANSACT TECHNOLOGIES INC
Accepted 2024-03-04 00:00:00 ET · period of report 2024-02-29 · accession 0001017303-24-000028 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-04 | 2024-03-01+ | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $0.00 | +7,597 | 97.0K | +8% | $0 |
| DM | 2024-03-04 | 2024-02-29 | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | A - Grant | $4.87 | +29.3K | 21.0K | New | +$142.8K |
| DM | 2024-03-04 | 2024-03-01+ | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $0.00 | -12.5K | 3,100 | -80% | $0 |
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 | 2024-03-01 | M | A | 1,197 | $0.00 | 92,372 | D | — | — | (F1) Mr. DeMartino relinquished 778 shares of common stock of the 1,975 restricted stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes. |
| 2 | Common | Common Stock | 2024-03-04 | M | A | 833 | $0.00 | 98,772 | D | — | — | (F10) Mr. DeMartino relinquished 542 shares of common stock of the 1,375 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes. |
| 3 | Common | Common Stock | 2024-03-02 | M | A | 940 | $0.00 | 97,939 | D | — | — | (F9) Mr. DeMartino relinquished 610 shares of common stock of the 1,550 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes. |
| 4 | Common | Common Stock | 2024-03-01 | M | A | 4,627 | $0.00 | 96,999 | D | — | — | (F3) Mr. DeMartino relinquished 3,003 shares of common stock of the 7,630 performance stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes. |
| 5 | Derivative | Restricted Stock Units | 2024-02-29 | A | A | 8,300 | $0.00 | 8,300 | D | — · — to — | 8,300 Common Stock | (F6) The Restricted Stock Units convert to common stock on a one-for-one basis. (F7) The Restricted Stock Units were issued pursuant to the TransAct Technologies Incorporated 2014 Equity Incentive Plan, as Amended and Restated. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. |
| 6 | Derivative | Stock Option | 2024-02-29 | A | A | 21,000 | $6.80 | 21,000 | D | $6.80 · 2025-02-28 to 2034-02-28 | 21,000 Common Stock | (F5) Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan, as Amended and Restated. The option becomes exercisable 25% per year on each anniversary date of the grant. |
| 7 | Derivative | Resricted Stock Units | 2024-03-04 | M | D | 1,375 | $0.00 | 1,375 | D | — · — to — | 1,375 Common Stock | (F12) Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis. |
| 8 | Derivative | Restricted Stock Units | 2024-03-01 | M | D | 1,975 | $0.00 | 5,925 | D | — · — to — | 1,975 Common Stock | (F2) Shares of Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis |
| 9 | Derivative | Performance Stock Units | 2024-03-01 | M | D | 7,630 | $0.00 | 15,259 | D | — · — to — | 7,630 Common Stock | (F4) Shares of Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 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 50% FST Revenue and 50% Adjusted EBITDA for the calendar year 2023. For the FST Revenue metric we achieved 90.6% of the Target resulting in a 81.2% payout. For the Adjusted EDBITDA metric we achieved 136.5% of the target resulting in the maximum 150% payout. Weighting both of these equally at 50%, the resulting payout was 115.6%. |
| 10 | Derivative | Restricted Stock Units | 2024-03-02 | M | D | 1,550 | $0.00 | 3,100 | D | — · — to — | 1,550 Common Stock | (F11) Shares of Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis. |