DEMARTINO STEVEN A 4
4 · TRANSACT TECHNOLOGIES INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Transact Technologies (TACT) President Steven DeMartino Converts Awards
What Happened
Steven A. DeMartino, President (also CFO, Treasurer & Secretary) of Transact Technologies (TACT), converted a total of 13,229 award/derivative units into common stock across transactions on Feb 28, Mar 1 and Mar 2, 2026. To satisfy tax withholding, 4,487 of those shares were surrendered (disposed) for tax payments totaling $15,546 (multiple withholdings at ~$3.46 and $3.50 per share). Net result: DeMartino increased his holdings by 8,742 shares (13,229 converted minus 4,487 withheld).
Key Details
- Transaction dates: 2026-02-28, 2026-03-01, 2026-03-02.
- Conversion (acquired): 2,075 (2/28) + 7,629 (3/1) + 1,975 (3/1) + 1,550 (3/2) = 13,229 shares acquired via conversion/exercise.
- Shares withheld for taxes (disposed): 704 @ $3.46 (2/28) = $2,436; 2,588 @ $3.46 (3/1) = $8,954; 670 @ $3.46 (3/1) = $2,318; 525 @ $3.50 (3/2) = $1,838. Total tax withholding = $15,546 on 4,487 shares.
- Net increase in shares held by insider: +8,742 shares.
- Footnotes: Conversions reflect previously granted awards: RSUs and PSUs that vest/convert one-for-one (see F1–F4 for grant dates and vesting schedules: 2/29/2024 RSUs, 3/1/2023 PSUs and RSUs, 3/2/2022 RSUs).
- Filing: Report filed 2026-03-02 (covering activity through 2026-02-28 and actions through 3/2/2026); no late-filing indication in the provided data.
Context
These entries are vesting/conversion events (derivative exercise/conversion) where award shares convert to common stock and a portion is withheld to cover tax obligations — a routine administrative step, not an open-market sale or purchase. The withholding amounts (F transactions) serve only to pay taxes on the vested/converted awards.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-28+2,075→ 172,922 total - Tax Payment
Common Stock
2026-02-28$3.46/sh−704$2,436→ 172,218 total - Exercise/Conversion
Common Stock
[F2]2026-03-01+7,629→ 179,847 total - Tax Payment
Common Stock
2026-03-01$3.46/sh−2,588$8,954→ 177,259 total - Exercise/Conversion
Common Stock
[F3]2026-03-01+1,975→ 179,234 total - Tax Payment
Common Stock
2026-03-01$3.46/sh−670$2,318→ 178,564 total - Exercise/Conversion
Common Stock
[F4]2026-03-02+1,550→ 180,114 total - Tax Payment
Common Stock
2026-03-02$3.50/sh−525$1,838→ 179,589 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-28−2,075→ 4,150 total→ Common Stock (2,075 underlying) - Exercise/Conversion
Performance Stock Units
[F2]2026-03-01−7,629→ 0 total→ Common Stock (7,629 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-01−1,975→ 1,975 total→ Common Stock (1,975 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-03-02−1,550→ 0 total→ Common Stock (1,550 underlying)
Footnotes (4)
- [F1]Restricted Stock Units issued on February 29, 2024 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
- [F2]Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 that have converted to common stock on a one-for-one basis.
- [F3]Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
- [F4]Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.