SHULDMAN BART C 4
4 · TRANSACT TECHNOLOGIES INC · Filed Jan 4, 2023
Insider Transaction Report
Form 4
SHULDMAN BART C
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Performance Stock Units
2022-12-31−7,269→ 7,270 totalExercise: $6.32→ Common Stock (7,269 underlying) - Exercise/Conversion
Common Stock
2022-12-31$6.32/sh+4,917$31,075→ 116,393 total
Holdings
- 1,500(indirect: By Spouse)
Common Stock
- 4,800(indirect: Daughters)
Common Stock
- 3,750(indirect: Mother)
Common Stock
Footnotes (3)
- [F1]Shares of performance stock units (PSU) vested on 12/31/2022 and issued on 1/3/2023.
- [F2]Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on January 3, 2023 in order to pay the required income and payroll taxes.
- [F3]Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ended December 31, 2021. The performance criteria was satisfied at a 82.6% level, which resulted in a payout of 56.5% of the PSUs granted during 2021.