Form 4 for TRNS TRANSCAT INC
Accepted 2022-05-26 00:00:00 ET · period of report 2022-05-25 · accession 0001062993-22-013597 · 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 | 2022-05-26 | 2022-05-25 | TRNS | Rudow Lee D. | Pres, CEO, Dir | A - Grant | $0.00 | +7,676 | 134.1K | +6% | $0 |
| D | 2022-05-26 | 2022-05-25 | TRNS | Rudow Lee D. | Pres, CEO, Dir | F - Tax | $63.17 | -3,750 | 130.3K | -3% | -$236.9K |
| DM | 2022-05-26 | 2022-05-25 | TRNS | Rudow Lee D. | Pres, CEO, Dir | A - Grant | $0.00 | +13.5K | 3,483 | New | $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, $.50 par value | 2022-05-25 | A | A | 7,676 | $0.00 | 134,079 | D | — | — | (F1) These shares were awarded to Mr. Rudow upon the vesting of a performance-based restricted stock award 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 2022. (F2) Includes 6 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan. |
| 2 | Common | Common Stock, $.50 par value | 2022-05-25 | F | D | 3,750 | $63.17 | 130,329 | D | — | — | (F3) These shares were withheld to cover related tax withholding obligations. |
| 3 | Derivative | Stock Option (Right to Buy) | 2022-05-25 | A | A | 10,000 | $0.00 | 10,000 | D | $63.17 · — to 2032-05-25 | 10,000 Common Stock, $.50 par value | (F4) This option was 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, vests on the third anniversary of the date of grant. |
| 4 | Derivative | Restricted Stock Units | 2022-05-25 | A | A | 3,483 | $0.00 | 3,483 | D | $0.00 · — to — | 3,483 Common Stock, $.50 par value | (F5) 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 May 25, 2025. |