TransAct (NASDAQ: TACT) CFO converts 12,500 RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRANSACT TECHNOLOGIES INC President and CFO Steven A. DeMartino reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 4, 2026, 12,500 RSUs converted into an equal number of common shares at a stated price of $0.00 per share, consistent with an equity award granted on September 4, 2024 under the company’s 2014 Equity Incentive Plan. To cover tax obligations, 4,291 common shares were disposed of at $4.66 per share as a tax-withholding transaction, not an open‑market sale. Following these transactions, he continues to hold over 200,000 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,500 shares exercised/converted
Mixed
3 txns
Insider
DEMARTINO STEVEN A
Role
President, CFO, Treas. & Secr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 12,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,291 | $4.66 | $20K |
Holdings After Transaction:
Restricted Stock Units — 12,500 shares (Direct, null);
Common Stock — 206,982 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs converted: 12,500 shares
Tax-withholding shares: 4,291 shares
Tax-withholding price: $4.66 per share
+4 more
7 metrics
RSUs converted
12,500 shares
Restricted Stock Units converted to common stock on June 4, 2026
Tax-withholding shares
4,291 shares
Common shares delivered for tax withholding on June 4, 2026
Tax-withholding price
$4.66 per share
Price for 4,291 common shares used to cover tax liability
Holdings after F transaction
202,691 shares
Direct common stock holdings after tax-withholding disposition
Holdings after M transaction
206,982 shares
Direct common stock holdings after RSU conversion transaction
RSU grant date
September 4, 2024
RSUs issued under 2014 Equity Incentive Plan
RSU vesting schedule
Eight equal quarterly increments over two years
Vesting terms from equity plan footnote
Key Terms
Restricted Stock Units, 2014 Equity Incentive Plan, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Shares of Restricted Stock Units issued on September 4, 2024 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
"transaction_action": "tax-withholding disposition""
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
"transaction_action": "derivative exercise/conversion""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider transactions did TACT executive Steven DeMartino report on this Form 4?
Steven A. DeMartino reported the conversion of 12,500 restricted stock units into common stock and a related tax-withholding disposition of 4,291 common shares at $4.66 per share, both dated June 4, 2026, reflecting routine equity compensation activity.
Were the TACT Form 4 transactions open-market purchases or sales?
The filing shows no open-market purchases or sales. It reports a derivative exercise where 12,500 RSUs converted into common stock and a tax-withholding disposition of 4,291 shares, used to satisfy tax obligations rather than discretionary trading.
How many TransAct Technologies RSUs did Steven DeMartino convert into common stock?
He converted 12,500 restricted stock units into 12,500 shares of common stock. The RSUs were issued September 4, 2024 under the 2014 Equity Incentive Plan and vested in eight equal quarterly increments over two years from the grant date.
How were Steven DeMartino’s TACT RSUs structured under the equity plan?
The RSUs were granted on September 4, 2024 under TransAct’s 2014 Equity Incentive Plan, as amended. According to the footnote, they vest in eight equal quarterly installments over two years from the grant date and convert into common stock on a one-for-one basis.