TransAct CFO settles PSUs, updates share holdings
TransAct Technologies President and CFO Steven A. DeMartino exercised 41,747 Performance Stock Units into an equal number of common shares on June 30, 2026.
Rhea-AI Filing Summary
TransAct Technologies President and CFO Steven A. DeMartino exercised 41,747 Performance Stock Units into an equal number of common shares on June 30, 2026. To cover taxes, 16,422 common shares were disposed of through tax withholding, not an open-market sale. Following these compensation-related transactions, DeMartino directly holds 228,016 shares of common stock. The Performance Stock Units were originally granted on May 1, 2025 under the company’s 2014 Equity Incentive Plan and vested pursuant to a Separation Agreement and General Release dated May 7, 2026.
Positive
- None.
Negative
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Insider Trade Summary
41,747 shares exercised/converted
Exercise
3 txns
Insider
DEMARTINO STEVEN A
Role
President, CFO, Treas. & Secr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 41,747 | $0.00 | $0.00 |
| Exercise | Common Stock | 41,747 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 16,422 | $5.84 | $96K |
Holdings After Transaction:
Performance Stock Units — 0 contracts (Direct);
Common Stock — 228,016 shares (Direct)
Footnotes (1)
- F1. Performance Stock Units issued on May 1, 2025 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, which vested pursuant to a Separation Agreement and General Release, dated May 7, 2026, between the Company and the Reporting Person.
Key Figures
PSUs exercised: 41,747 units
Tax-withheld shares: 16,422 shares
Shares held after transactions: 244,438 shares
+3 more
6 metrics
PSUs exercised
41,747 units
Performance Stock Units converted into common stock on June 30, 2026
Tax-withheld shares
16,422 shares
Common shares delivered to cover tax liabilities on June 30, 2026
Shares held after transactions
244,438 shares
Direct common stock holdings following June 30, 2026 transactions
Tax-withholding reference price
$5.84 per share
Price per share used for tax-withholding disposition of common stock
PSU grant date
May 1, 2025
Issuance date of Performance Stock Units under 2014 Equity Incentive Plan
Separation agreement date
May 7, 2026
Date of Separation Agreement and General Release governing PSU vesting
Key Terms
Performance Stock Units, 2014 Equity Incentive Plan, as Amended and Restated, Separation Agreement and General Release, tax-withholding disposition, +1 more
5 terms
Performance Stock Units financial
"Performance Stock Units issued on May 1, 2025 pursuant to the Company's 2014 Equity Incentive Plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2014 Equity Incentive Plan, as Amended and Restated financial
"pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated"
Separation Agreement and General Release financial
"which vested pursuant to a Separation Agreement and General Release, dated May 7, 2026"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition; transaction code F"
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 security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TransAct Technologies (TACT) report for Steven A. DeMartino?
Steven A. DeMartino exercised 41,747 Performance Stock Units into common stock and had 16,422 common shares withheld for taxes. These actions are compensation-related, reflecting vesting and settlement of equity awards rather than open-market buying or selling of TransAct Technologies shares.
What were the terms of the Performance Stock Units for TransAct Technologies (TACT)?
The Performance Stock Units were issued on May 1, 2025 under TransAct Technologies’ 2014 Equity Incentive Plan, as Amended and Restated. They vested pursuant to a Separation Agreement and General Release dated May 7, 2026 before being converted into 41,747 shares of common stock.
Why did TransAct Technologies (TACT) Performance Stock Units vest for Steven A. DeMartino?
The Performance Stock Units vested pursuant to a Separation Agreement and General Release dated May 7, 2026 between TransAct Technologies and Steven A. DeMartino. This agreement triggered vesting of the PSUs granted on May 1, 2025 under the company’s 2014 Equity Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
