Haddad Michael Jacques 4

What Happened
Michael Haddad, Chief Information Officer of Transcat, Inc. (TRNS), was granted 1,382 restricted stock units (RSUs) on May 27, 2026 (Form 4 code A). The award was recorded at an acquisition price of $0.00 and is a derivative grant (RSUs convert into common stock on a one-for-one basis). This is an equity award (compensation) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-27 (reported on Form 4 filed 2026-05-28).
• Transaction type/code: Grant / Award (Code A).
• Shares/units granted: 1,382 RSUs.
• Acquisition price: $0.00 (no cash paid at grant).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: Grant made under Transcat, Inc. 2021 Stock Incentive Plan; exempt under Rule 16b-3; (vests March 31, 2029 unless award notice provides otherwise).
  • F3–F5: Additional vesting dates noted in the filing — Jan 6, 2028; Mar 25, 2028; Mar 27, 2027 — indicating the award may include multiple tranches/vesting schedules.
• Other: Exhibit 24 (Power of Attorney) is referenced in the filing.
• Timeliness: Filing was submitted the next day (not indicated as late).

Context
RSUs are a common form of equity compensation that convert to common shares upon vesting (here, on a one-for-one basis). They do not provide immediate cash or trading proceeds unless and until the units vest and shares are sold. Such grants are typically part of broader compensation and retention programs; they do not, by themselves, indicate an insider buying or selling stock in the open market.