West Michael W. 4
4 · TRANSCAT INC · Filed May 22, 2024
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
West Michael W.
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2024-04-08+2,000→ 2,000 totalExercise: $0.00→ Common Stock, $.50 par value (2,000 underlying) - Award
Common Stock, $.50 par value
2024-05-20+1,333→ 25,659 total - Tax Payment
Common Stock, $.50 par value
2024-05-20$124.12/sh−656$81,423→ 25,003 total - Award
Restricted Stock Units
2024-05-20+916→ 916 totalExercise: $0.00→ Common Stock, $.50 par value (916 underlying)
Holdings
- 1,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (1,000 underlying) - 725
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (725 underlying) - 871
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (871 underlying)
Footnotes (7)
- [F1]These shares were awarded to Mr. West upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2003 Incentive Plan 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 April 8, 2027.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.