Newmark Andrew 4
4 · TRANSACT TECHNOLOGIES INC · Filed Mar 5, 2018
Insider Transaction Report
Form 4
Newmark Andrew
EVP, Sales & Marketing
Transactions
- Award
Common Stock
2018-03-01+3,358→ 44,523 total
Footnotes (1)
- [F1]The acquisition of common stock represents the vesting of performance share awards (PSAs), awarded on April 28, 2016 pursuant to the Company's 2014 Equity Incentive Plan. Each PSA has a value equal to one share of TransAct common stock. The PSAs are earned on a variable basis dependent upon level of achievement against a long-term performance metric, which for 2016 was a two-year combined EBITDA target for 2016 and 2017, which ended on December 31, 2017. The performance criteria was satisfied at the 89.9% level, which resulted in a payout of 74.6% of the PSAs granted during 2016.