Barbato Thomas L 4

What Happened

• Thomas L. Barbato, Senior Vice President Finance & Chief Financial Officer of Transcat, had 3,686 restricted stock units (RSUs) vest and convert into common stock (2,500 on Mar 26, 2026 and 1,186 on Mar 28, 2026). Those conversions are reported as derivative exercises (code M, acquired).
• To satisfy tax-withholding obligations (code F), a total of 1,695 shares were withheld/disposed: 1,171 shares at $72.97 on Mar 26 (≈ $85,448) and 524 shares at $71.32 on Mar 28 (≈ $37,372), for total withholding value of about $122,820.
• This was not an open-market sale for investment purposes but a routine withholding of shares to cover taxes on RSU vesting.

Key Details

• Transaction dates and prices:
  • Mar 26, 2026: 2,500 RSUs vested and converted; 1,171 shares withheld at $72.97 (≈ $85,448).
  • Mar 28, 2026: 1,186 RSUs vested and converted; 524 shares withheld at $71.32 (≈ $37,372).
• Net shares acquired before withholding: 3,686 RSUs converted to shares; net new shares retained = 3,686 − 1,695 = 1,991 shares (filing does not state total shares owned after transactions).
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F2/F3: Shares were withheld to satisfy tax withholding; 2,500 RSUs vested Mar 26 and 1,186 RSUs vested Mar 28.
  • Other footnotes reference vesting schedules for different awards and an unrelated fully exercisable option (F4–F7).
• Timeliness: Filing dated Apr 1, 2026; transactions occurred Mar 26 and Mar 28, 2026. The report indicates a late filing (transactionTimeliness = "L").

Context

• This is a compensation-related transaction: RSUs vested and converted to shares, and the company withheld shares to cover required taxes — a routine administrative step that does not necessarily signal the insider's view of the stock.
• The derivative code M denotes conversion/exercise of equity awards; code F denotes shares disposed to satisfy tax withholding (not an open-market sale).