Form 4 for TACT TRANSACT TECHNOLOGIES INC
Accepted 2025-03-03 00:00:00 ET · period of report 2025-02-27 · accession 0001017303-25-000023 · 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 | 2025-03-03 | 2025-02-28+ | TACT | Richstmeier Brent | CTO | M - OptEx | $0.00 | +6,628 | 7,003 | +1,767% | $0 |
| DM | 2025-03-03 | 2025-02-28+ | TACT | Richstmeier Brent | CTO | M - OptEx | $0.00 | -8,303 | 4,778 | -63% | $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 | 2025-03-02 | M | A | 868 | $0.00 | 12,502 | D | — | — | (F8) Mr. Richstmeier relinquished 107 shares of common stock of the 975 stock units that converted to common stock on March 2, 2025 in order to pay the required income and payroll taxes. |
| 2 | Common | Common Stock | 2025-03-01 | M | A | 3,542 | $0.00 | 11,634 | D | — | — | (F5) Mr. Richstmeier relinquished 1,236 shares of common stock of the 4,778 stock units that converted to common stock on March 1, 2025 in order to pay the required income and payroll taxes. |
| 3 | Common | Common Stock | 2025-03-01 | M | A | 1,089 | $0.00 | 8,092 | D | — | — | (F7) Mr. Richstmeier relinquished 161 shares of common stock of the 1,250 stock units that converted to common stock on March 1, 2025 in order to pay the required income and payroll taxes. |
| 4 | Common | Common Stock | 2025-02-28 | M | A | 1,129 | $0.00 | 7,003 | D | — | — | (F6) Mr. Richstmeier relinquished 171 shares of common stock of the 1,300 stock units that converted to common stock on February 28, 2025 in order to pay the required income and payroll taxes. |
| 5 | Derivative | Restricted Stock Units | 2025-03-02 | M | D | 975 | $0.00 | 975 | D | — · — to — | 975 Common Stock | (F4) 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. |
| 6 | Derivative | Restricted Stock Units | 2025-03-01 | M | D | 1,250 | $0.00 | 2,500 | D | — · — to — | 1,250 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 |
| 7 | Derivative | Restricted Stock Units | 2025-02-28 | M | D | 1,300 | $0.00 | 3,900 | D | — · — to — | 1,300 Common Stock | (F1) Shares of Restricted Stock Units issued on February 29, 2024 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 | Performance Stock Units | 2025-03-01 | M | D | 4,778 | $0.00 | 4,778 | D | — · — to — | 4,778 Common Stock | (F3) 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%. |