Form 4 for TRNS TRANSCAT INC

Accepted 2024-05-22 00:00:00 ET · period of report 2024-05-20 · accession 0001062993-24-010969 · 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	DEVERELL SCOTT	Principal Accounting Off	F - Tax	$124.12	-166	2,220	-7%	-$20.6K
D	2024-05-22	2024-05-20	TRNS	DEVERELL SCOTT	Principal Accounting Off	A - Grant	$0.00	+419	2,386	+21%	$0
D	2024-05-22	2024-05-20	TRNS	DEVERELL SCOTT	Principal Accounting Off	A - Grant	$0.00	+227	227	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	166	$124.12	2,220	D	—	—	(F3) 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	419	$0.00	2,386	D	—	—	(F1) These shares were awarded to Mr. Deverell upon the vesting of performance-based restricted stock units 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 2024. (F2) Includes 15 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
3	Derivative	Restricted Stock Units	2024-05-20	A	A	227	$0.00	227	D	$0.00 · — to —	227 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 March 27, 2027.