Form 4 for TRNS TRANSCAT INC
Accepted 2024-05-22 00:00:00 ET · period of report 2024-04-08 · accession 0001062993-24-010971 · 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 | West Michael W. | COO | A - Grant | $0.00 | +1,333 | 25.7K | +5% | $0 |
| D | 2024-05-22 | 2024-05-20 | TRNS | West Michael W. | COO | F - Tax | $124.12 | -656 | 25.0K | -3% | -$81.4K |
| DM | 2024-05-22 | 2024-04-08+ | TRNS | West Michael W. | COO | A - Grant | $0.00 | +2,916 | 916 | 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 | 2024-05-20 | A | A | 1,333 | $0.00 | 25,659 | D | — | — | (F1) These shares were awarded to Mr. West upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2003 Incentive Plan 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. |
| 2 | Common | Common Stock, $.50 par value | 2024-05-20 | F | D | 656 | $124.12 | 25,003 | D | — | — | (F2) Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units. |
| 3 | Derivative | Restricted Stock Units | 2024-04-08 | A | A | 2,000 | $0.00 | 2,000 | D | $0.00 · — to — | 2,000 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 April 8, 2027. |
| 4 | Derivative | Restricted Stock Units | 2024-05-20 | A | A | 916 | $0.00 | 916 | D | $0.00 · — to — | 916 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. |