TransAct CTO converts stock awards to shares
TransAct Technologies’ Chief Technology Officer Brent Richtsmeier reported a series of equity award conversions into common stock.
Rhea-AI Filing Summary
TransAct Technologies’ Chief Technology Officer Brent Richtsmeier reported a series of equity award conversions into common stock. On February 28 and March 1–2, he exercised vested restricted stock units and performance stock units, each converting to common stock on a one-for-one basis at a price of $0.00 per share. These were non‑cash transactions reflecting the vesting of awards under the company’s 2014 Equity Incentive Plan. Following the latest reported conversion on March 2, his direct ownership in common stock increased to 29,998 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 975 | $0.00 | $0.00 |
| Exercise | Common Stock | 975 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 4,778 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,250 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,778 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,250 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,300 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,300 | $0.00 | $0.00 |
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 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 insider activity did TACT’s CTO report on this Form 4?
Were any of the TACT CTO’s transactions open-market buys or sells?
What types of equity awards did TACT’s CTO convert into stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.