Lee D. Rudow - Jul 21, 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Lee D. Rudow
Stock symbol
TRNS
Transactions as of
Jul 21, 2023
Transactions value $
-$947,091
Form type
4
Date filed
7/25/2023, 04:32 PM
Previous filing
May 26, 2023
Next filing
Aug 17, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Options Exercise $0 +16.2K +12.46% $0.00 147K Jul 21, 2023 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$515K -6.07K -4.14% $84.88 141K Jul 21, 2023 Direct F3
transaction TRNS Common Stock, $.50 par value Sale -$432K -5.09K -3.62% $84.88 135K Jul 21, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TRNS Restricted Stock Units Options Exercise $0 -16.2K -100% $0.00* 0 Jul 21, 2023 Common Stock, $.50 par value 16.2K $0.00 Direct F1, F4
holding TRNS Restricted Stock Units 8.79K Jul 21, 2023 Common Stock, $.50 par value 8.79K $0.00 Direct F1, F5
holding TRNS Restricted Stock Units 3.48K Jul 21, 2023 Common Stock, $.50 par value 3.48K $0.00 Direct F1, F6
holding TRNS Restricted Stock Units 4.14K Jul 21, 2023 Common Stock, $.50 par value 4.14K $0.00 Direct F1, F7
holding TRNS Stock Option (Right to Buy) 10K Jul 21, 2023 Common Stock, $.50 par value 10K $63.17 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 Includes 7 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3 Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
F4 These restricted stock units vested on July 21, 2023.
F5 These restricted stock units vest on March 28, 2026, except as otherwise provided in the award notice.
F6 These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F7 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F8 This option vests on the third anniversary of the date of grant, except as otherwise provided in the award notice.