4//SEC Filing
SHULDMAN BART C 4
Accession 0001567619-22-006398
CIK 0001017303other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:20 PM ET
Size
18.4 KB
Accession
0001567619-22-006398
Insider Transaction Report
Form 4
SHULDMAN BART C
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Common Stock
2022-03-02+4,918→ 104,855 total - Exercise/Conversion
Common Stock
2022-03-04+2,621→ 107,476 total - Award
Stock Option
2022-03-02$9.10/sh+48,600$442,260→ 48,600 totalExercise: $9.10From: 2023-03-02Exp: 2032-03-02→ Common Stock (48,600 underlying) - Award
Restricted Stock Units
2022-03-02+17,400→ 17,400 total→ Common Stock (17,400 underlying) - Exercise/Conversion
Performance Stock Units
2022-03-02−7,270→ 14,539 total→ Common Stock (7,270 underlying) - Exercise/Conversion
Restricted Stock Units
2022-03-04−3,875→ 11,625 total→ Common Stock (3,875 underlying)
Holdings
- 4,800(indirect: Daughters)
Common Stock
- 3,750(indirect: Mother)
Common Stock
- 1,500(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary date of the grant.
- [F2]The Restricted Stock Units convert to common stock on a one-for-one basis.
- [F3]The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant.
- [F4]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 ending December 31, 2021. The performance criteria was satisfied at the 82.6% level, which resulted in a payout of 56.5% of the PSAs granted during 2021.
- [F5]Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, 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.
- [F6]Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on March 2, 2022 in order to pay the required income and payroll taxes.
- [F7]Mr. Shuldman relinquished 1,254 shares of common stock of the 3,875 restricted stock units that converted to common stock on March 4, 2022 in order to pay the required income and payroll taxes.
Documents
Issuer
TRANSACT TECHNOLOGIES INC
CIK 0001017303
Entity typeother
Related Parties
1- filerCIK 0001245706
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 5:20 PM ET
- Size
- 18.4 KB