Lee D. Rudow - 21 Jul 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
Issuer symbol
TRNS
Transactions as of
21 Jul 2023
Transactions value $
-$947,091
Form type
4
Filing time
25 Jul 2023, 16:32:30 UTC
Previous filing
26 May 2023
Next filing
17 Aug 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 +16,248 +12% $0 146,626 21 Jul 2023 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$515,136 -6,069 -4.1% $84.88 140,557 21 Jul 2023 Direct F3
transaction TRNS Common Stock, $.50 par value Sale -$431,954 -5,089 -3.6% $84.88 135,468 21 Jul 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 -16,248 -100% $0* 0 21 Jul 2023 Common Stock, $.50 par value 16,248 $0 Direct F1, F4
holding TRNS Restricted Stock Units 8,785 21 Jul 2023 Common Stock, $.50 par value 8,785 $0 Direct F1, F5
holding TRNS Restricted Stock Units 3,483 21 Jul 2023 Common Stock, $.50 par value 3,483 $0 Direct F1, F6
holding TRNS Restricted Stock Units 4,138 21 Jul 2023 Common Stock, $.50 par value 4,138 $0 Direct F1, F7
holding TRNS Stock Option (Right to Buy) 10,000 21 Jul 2023 Common Stock, $.50 par value 10,000 $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.