Form 4 for TRNS TRANSCAT INC

Accepted 2022-05-26 00:00:00 ET · period of report 2022-05-25 · accession 0001062993-22-013599 · 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	DEVERELL SCOTT	Principal Accounting Off	A - Grant	$0.00	+582	2,971	+24%	$0
D	2022-05-26	2022-05-25	TRNS	DEVERELL SCOTT	Principal Accounting Off	F - Tax	$63.17	-234	2,737	-8%	-$14.8K
D	2022-05-26	2022-05-25	TRNS	DEVERELL SCOTT	Principal Accounting Off	A - Grant	$0.00	+274	274	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	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	582	$0.00	2,971	D	—	—	(F1) These shares were awarded to Mr. Deverell 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 10 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
2	Common	Common Stock, $.50 par value	2022-05-25	F	D	234	$63.17	2,737	D	—	—	(F3) These shares were withheld to cover related tax withholding obligations.
3	Derivative	Restricted Stock Units	2022-05-25	A	A	274	$0.00	274	D	$0.00 · — to —	274 Common Stock, $.50 par value	(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 May 25, 2025.