HILARIO EMANUEL N 4/A
Research Summary
AI-generated summary
TransAct Technologies (TACT) Director Hilario Emanuel N Receives RSU Award
What Happened
- Hilario Emanuel N, a director of TransAct Technologies, was granted 15,759 restricted stock units (RSUs) on February 24, 2026. The award was reported as a derivative grant (code A) with a grant price of $0.00 (no cash paid).
- The filing amends an earlier Form 4 that had incorrectly reported 14,700 RSUs; this amendment corrects the grant amount to 15,759 (see footnote F1). The RSUs convert to common stock on a one-for-one basis and cliff vest on the first anniversary of the grant (footnote F2).
Key Details
- Transaction date: February 24, 2026; reported originally on Feb 26, 2026 and corrected by this amended Form 4 filed March 13, 2026.
- Grant: 15,759 RSUs; grant price reported $0.00 (no cash outlay).
- Vesting: Cliff vesting on first anniversary; each RSU converts 1-for-1 into common shares upon vesting.
- Shares owned after transaction: Not specified in this amendment.
- Footnotes: F1 corrects the previously reported RSU count (14,700 → 15,759). F2 describes plan and vesting/conversion terms.
- Timeliness: The original Form 4 was filed two days after the grant; this filing is an amendment to correct the amount (not an initial late report).
Context
- RSU grants are typically part of executive/director compensation and do not represent an open-market purchase or sale. They are routine awards and do not by themselves indicate a buy/sell signal.
- These are derivative awards (convertible to shares at vesting). No immediate sale or cashless exercise is reported here.