TACT CFO gains shares from PSU and RSU vesting
TransAct Technologies President and CFO Steven A. DeMartino reported multiple equity-award vesting events and related tax withholdings in late February and early March.
Rhea-AI Filing Summary
TransAct Technologies President and CFO Steven A. DeMartino reported multiple equity-award vesting events and related tax withholdings in late February and early March. On March 1, 2026, Performance Stock Units granted on March 1, 2023 converted into 7,629 shares of common stock, with some shares withheld to cover taxes. Restricted Stock Units granted in 2022, 2023 and 2024 also vested and converted one-for-one into common shares on February 28, March 1, and March 2, 2026. Several Form 4 entries coded “F” show shares delivered back to the company at prices around $3.46–$3.50 solely to satisfy tax or exercise obligations, rather than open-market sales, leaving DeMartino with a remaining direct holding of common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,550 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,550 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 525 | $3.50 | $2K |
| Exercise | Performance Stock Units | 7,629 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,975 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,629 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,588 | $3.46 | $9K |
| Exercise | Common Stock | 1,975 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 670 | $3.46 | $2K |
| Exercise | Restricted Stock Units | 2,075 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,075 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 704 | $3.46 | $2K |
Footnotes (4)
- F1. Restricted Stock Units issued on February 29, 2024 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, 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.
- F2. Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 that have converted to common stock on a one-for-one basis.
- F3. Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, 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.
- F4. Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, 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.
FAQ
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What did TACT executive Steven DeMartino report on this Form 4?
Which TransAct equity plans were involved in these Form 4 transactions?
What vesting schedules applied to the RSUs in this TACT Form 4?
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