Richstmeier Brent 4

What Happened

• Brent Richstmeier, Chief Technology Officer of TransAct Technologies (TACT), had performance stock units (PSUs) vest on Feb 24, 2026. A total PSU award of 39,215 shares (reflecting the PSU payout) was recorded; one-third vested on Feb 24, 2026, resulting in 13,072 shares converting to common stock.
• To cover tax withholding on the vested shares, 3,879 shares were surrendered/disposed at $3.49 per share for a total of $13,538. The vesting/conversion is an award event (not an open-market purchase), and the only shares sold were withheld for taxes.

Key Details

• Transaction date: February 24, 2026; Form filed February 26, 2026 (filed timely).
• Award/vesting: 39,215 PSUs (total award); one-third vested = 13,072 shares converted to common stock on Feb 24, 2026.
• Tax withholding: 3,879 shares disposed at $3.49 each, producing $13,538 to cover tax liability (code F = tax withholding).
• Transaction codes: A = award/grant (39,215 PSUs); M = exercise/conversion of derivative (13,072 shares); F = payment of tax liability via share withholding (3,879 shares).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: PSUs were issued May 1, 2025 under the company’s equity plan and vest in three equal installments (Feb 24, 2026/2027/2028) converting one-for-one to common stock. Payout was 155% based on 2025 Revenue and Adjusted EBITDA metrics.

Context

• These entries reflect routine PSU vesting and a standard share-withholding to satisfy tax obligations — not an open-market sale for cash (other than the withholding). PSUs convert to shares on vesting; the small share disposition here is typical tax-related withholding and doesn’t necessarily signal a change in insider sentiment. Purchases or open-market buys tend to be more informative about insider bullishness.