TransAct Technologies (TACT) CRO awarded 14,124 RSUs with two-year cliff vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TransAct Technologies Inc Chief Revenue Officer Tracey S. Chernay received a grant of 14,124 Restricted Stock Units on February 25, 2026. The units were issued at no cash cost under the company’s 2014 Equity Incentive Plan, as Amended and Restated.
The RSUs cliff vest on the second anniversary of the grant date and then convert into common stock on a one-for-one basis. Following the grant, Chernay directly holds 14,124 RSUs and no shares of common stock are listed as directly owned after this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chernay Tracey S
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,124 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,124 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
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FAQ
What did TransAct Technologies (TACT) report for Tracey S. Chernay in this Form 4?
The filing reports that Chief Revenue Officer Tracey S. Chernay received a grant of 14,124 Restricted Stock Units on February 25, 2026. These equity awards were issued under TransAct Technologies’ 2014 Equity Incentive Plan, as Amended and Restated, with future vesting and share conversion terms.
How many Restricted Stock Units were granted to the TransAct Technologies (TACT) CRO?
Tracey S. Chernay was granted 14,124 Restricted Stock Units. The grant was recorded at a price of $0.00 per unit and represents a direct equity award under the company’s 2014 Equity Incentive Plan, reflecting part of her long-term incentive compensation structure.
When do Tracey S. Chernay’s TransAct Technologies (TACT) RSUs vest?
The Restricted Stock Units cliff vest on the second anniversary of the February 25, 2026 grant date. Cliff vesting means all 14,124 units vest at once on that future date, rather than gradually over time, if the award’s conditions are satisfied.
How will the TransAct Technologies (TACT) RSUs convert into common stock?
Once vested, the 14,124 Restricted Stock Units convert into TransAct Technologies common stock on a one-for-one basis. Each vested RSU becomes one share of common stock, aligning the Chief Revenue Officer’s compensation more directly with shareholder value over time.
What equity plan governs the TransAct Technologies (TACT) RSU grant to the CRO?
The RSU grant to Chief Revenue Officer Tracey S. Chernay was issued under TransAct Technologies’ 2014 Equity Incentive Plan, as Amended and Restated. This plan authorizes equity-based awards to key employees, helping the company align long-term incentives with performance and shareholder interests.
Does Tracey S. Chernay hold TransAct Technologies (TACT) common stock after this Form 4 event?
After the reported transactions, the Form 4 lists zero shares of TransAct Technologies common stock directly owned. Instead, it shows direct ownership of 14,124 Restricted Stock Units, which may convert to common stock on a one-for-one basis after the vesting date.