CFO at TransAct (NASDAQ: TACT) gains 10,100 shares after tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TransAct Technologies President and CFO Steven A. DeMartino reported routine equity compensation activity. On May 1, 2026, 10,100 restricted stock units vested and converted into an equal number of common shares at a stated price of $0.00 per share.
To cover tax obligations, 3,467 common shares were disposed of at $3.32 per share through a tax-withholding mechanism, not an open-market sale. After these transactions, DeMartino held 194,482 shares of TransAct common stock directly. The related restricted stock units were issued under the company’s 2014 Equity Incentive Plan and vest 25% annually.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,100 shares exercised/converted
Mixed
3 txns
Insider
DEMARTINO STEVEN A
Role
President, CFO, Treas. & Secr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,100 | $0.00 | -- |
| Exercise | Common Stock | 10,100 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,467 | $3.32 | $12K |
Holdings After Transaction:
Restricted Stock Units — 30,300 shares (Direct, null);
Common Stock — 197,949 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs vested: 10,100 units/shares
Tax-withholding shares: 3,467 shares
Tax-withholding price: $3.32 per share
+1 more
4 metrics
RSUs vested
10,100 units/shares
Restricted Stock Units converted to common stock on May 1, 2026
Tax-withholding shares
3,467 shares
Shares used to satisfy tax obligations at $3.32 per share
Tax-withholding price
$3.32 per share
Value assigned to common shares used for tax withholding
Shares held after transactions
194,482 shares
Direct TransAct Technologies common stock ownership post-transaction
Key Terms
Restricted Stock Units, 2014 Equity Incentive Plan, tax-withholding disposition, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"Shares of Restricted Stock Units issued on May 1, 2025 pursuant to the Company's 2014 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2014 Equity Incentive Plan financial
"pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did TACT executive Steven DeMartino report in this Form 4?
Steven DeMartino, CFO of TransAct Technologies (TACT), reported 10,100 restricted stock units vesting into common shares and a related tax-withholding share disposition. These transactions reflect routine equity compensation rather than open-market buying or selling activity.
How many TransAct Technologies RSUs vested for the TACT CFO?
The filing shows 10,100 restricted stock units vested and converted into an equal number of TransAct Technologies common shares. These RSUs were originally granted under the company’s 2014 Equity Incentive Plan and vest in 25% annual increments from the grant date.
What plan governs the RSUs reported by TransAct Technologies in this filing?
The restricted stock units were issued under TransAct Technologies’ 2014 Equity Incentive Plan, as Amended and Restated. According to the footnote, these RSUs vest 25% annually starting on the first anniversary of the grant date and convert into common stock one-for-one.