Transcat (TRNS) Director Dawn DePerrior Exercises and Sells 1,587 Shares

What Happened

• Director Dawn DePerrior had two related derivative transactions and one grant reported. On 2026-09-10 she exercised/converted 1,587 derivative units into common stock (reported at $0.00) and the same 1,587 shares were disposed on 2026-09-10 (reported at $0.00). On 2026-09-09 she was granted 1,671 restricted stock units (RSUs) (reported at $0.00). The filing reports $0 cash consideration for these items because they reflect conversion/exercise and an award rather than a paid open-market purchase.

Key Details

• Transaction dates and prices:
  • 2026-09-09: Award/grant of 1,671 RSUs (A) — $0.00 (derivative award).
  • 2026-09-10: Exercise/conversion of 1,587 shares (M) — $0.00 acquired.
  • 2026-09-10: Exercise/conversion and simultaneous disposal of 1,587 shares (M) — $0.00 disposed.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • F1: RSUs convert one-for-one into common stock.
  • F2: The 1,671 RSUs were granted in a Rule 16b-3 exempt transaction and (per the award) vest on 9/9/2027.
  • F3: A lot of 1,587 RSUs vested on 9/10/2026 (enabling the conversion/exercise).
  • F4: Related stock option(s) vest pro rata over five years (1/5 each year) per the award notice.
• Timeliness/filing: Report filed 2026-09-10 for transactions on 9/9–9/10/2026 (filed the next day; no late-filing flag in the provided data).
• Remarks: Exhibit 24 (Power of Attorney) attached.

Context

• These were derivative/award transactions (RSUs/options). The filing shows a same-day conversion/exercise of 1,587 units and an immediate disposition of those resulting shares — i.e., the award/units became shares and were transferred/sold the same day. The separate 1,671 RSU grant is subject to future vesting (9/9/2027 per the award). Such award-to-share conversions and same-day disposals are administrative/compensation events and are not, by themselves, a clear bullish or bearish signal.