Transcat Director Gary Haseley Receives RSUs, Converts 1,587 Shares

What Happened

• Gary J. Haseley, a director of Transcat Inc. (TRNS), was granted 1,671 restricted stock units (RSUs) on Sept 9, 2026 and, on Sept 10, 2026, 1,587 RSUs converted into common stock. The Form 4 shows the conversion/acquisition and a same-day disposition of 1,587 shares; all transactions list $0.00 consideration, indicating RSU conversion rather than a cash purchase or sale.

Key Details

• Transaction dates and types:
  • 2026-09-09: Grant/award (A) — 1,671 RSUs granted at $0.00 (derivative).
  • 2026-09-10: Exercise/conversion (M) — 1,587 RSUs converted to common stock (acquired) at $0.00.
  • 2026-09-10: Exercise/conversion (M) — 1,587 shares recorded as disposed at $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: The 1,671 RSU grant was made under Rule 16b-3 exemption and (per award terms) generally vests 9/9/2027.
  • F3: The RSUs that converted on 9/10/2026 vested on that date.
• Filing timeliness: Form filed 2026-09-10 for transactions on 9/9–9/10/2026; this appears to be a timely filing (no late-file flag).

Context

• These entries reflect equity compensation activity (RSU grant and conversion), not an open-market purchase or sale for cash. The simultaneous conversion and disposal of shares is commonly used for administrative purposes (e.g., vesting conversion and transfer), but the filing itself shows no cash consideration. For retail investors, RSU awards and conversions are routine compensation events and do not necessarily signal a change in an insider’s market view.