Barbato Thomas L 4
4 · TRANSCAT INC · Filed May 22, 2024
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
Barbato Thomas L
Sr. VP Finance & CFO
Transactions
- Tax Payment
Common Stock, $.50 par value
2024-05-20$124.12/sh−436$54,116→ 940 total - Award
Common Stock, $.50 par value
2024-05-20+986→ 1,376 total - Award
Restricted Stock Units
2024-05-20+1,919→ 1,919 totalExercise: $0.00→ Common Stock, $.50 par value (1,919 underlying)
Holdings
- 3,686
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (3,686 underlying) - 5,000
Stock Option (Right to Buy)
Exercise: $63.17Exp: 2027-05-25→ Common Stock, $.50 par value (5,000 underlying) - 1,417
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (1,417 underlying) - 6,000
Stock Option (Right to Buy)
Exercise: $90.92Exp: 2027-01-03→ Common Stock, $.50 par value (6,000 underlying)
Footnotes (7)
- [F1]These shares were awarded to Mr. Barbato upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2024.
- [F2]Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units.
- [F3]These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2027.
- [F4]These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, except as otherwise provided in the award notice.
- [F5]These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2025, except as otherwise provided in the award notice.
- [F6]This option vests and becomes exercisable pro rata with respect to one-third of the shares subject to the option on the first, second, and third anniversaries of the date of grant.
- [F7]This option vests and becomes exercisable on the third anniversary of the date of grant.