Form 4 for TRNS TRANSCAT INC

Accepted 2024-05-22 00:00:00 ET · period of report 2024-05-20 · accession 0001062993-24-010966 · 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	2024-05-22	2024-05-20	TRNS	Barbato Thomas L	CFO, SVP Fin	F - Tax	$124.12	-436	940	-32%	-$54.1K
D	2024-05-22	2024-05-20	TRNS	Barbato Thomas L	CFO, SVP Fin	A - Grant	$0.00	+986	1,376	+253%	$0
D	2024-05-22	2024-05-20	TRNS	Barbato Thomas L	CFO, SVP Fin	A - Grant	$0.00	+1,919	1,919	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	2024-05-20	F	D	436	$124.12	940	D	—	—	(F2) Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units.
2	Common	Common Stock, $.50 par value	2024-05-20	A	A	986	$0.00	1,376	D	—	—	(F1) These shares were awarded to Mr. Barbato upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2021 Stock 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 2024.
3	Derivative	Restricted Stock Units	2024-05-20	A	A	1,919	$0.00	1,919	D	$0.00 · — to —	1,919 Common Stock, $.50 par value	(F3) 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 March 27, 2027.