TransAct Technologies (TACT) CEO converts RSUs into 12,050 common shares
Rhea-AI Filing Summary
TransAct Technologies reported that President and CEO John Dillon had 12,050 restricted stock units, granted on August 3, 2023 under the company’s 2014 Equity Incentive Plan, vest and convert one-for-one into 12,050 shares of common stock on August 3, 2026. Following this conversion, he holds 180,368 shares directly and 100,000 shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,050 shares
Net Buy
3 txns
Insider
DILLON JOHN
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 12,050 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,050 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,050 shares (Direct);
Common Stock — 180,368 shares (Direct);
Common Stock — 100,000 shares (Indirect, By Trust)
Footnotes (1)
- F1. Restricted Stock Units issued on August 3, 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.
Key Figures
RSUs converted: 12,050 units
Common shares acquired: 12,050 shares
Direct holdings after transaction: 180,368 shares
+3 more
6 metrics
RSUs converted
12,050 units
Restricted Stock Units converting to common stock on August 3, 2026
Common shares acquired
12,050 shares
Common stock received from RSU conversion on August 3, 2026
Direct holdings after transaction
180,368 shares
Common stock directly owned by John Dillon following the conversion
Indirect holdings via trust
100,000 shares
Common stock held indirectly by trust after the reported transaction
Grant date of RSUs
August 3, 2023
Date the restricted stock units were issued under the equity plan
Annual vesting rate
25%
Portion of the RSU grant that vests each year
Key Terms
Restricted Stock Units, 2014 Equity Incentive Plan, as Amended and Restated, derivative security
3 terms
Restricted Stock Units financial
"Restricted Stock Units issued on August 3, 2023 pursuant to the Company’s 2014"
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, as Amended and Restated financial
"pursuant to the Company’s 2014 Equity Incentive Plan, as Amended and Restated"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did TransAct Technologies (TACT) report for CEO John Dillon?
John Dillon had 12,050 restricted stock units vest and convert into 12,050 shares of common stock on August 3, 2026. These RSUs were granted on August 3, 2023 under the company’s 2014 Equity Incentive Plan and vest 25% annually.
What is the vesting schedule of the RSUs reported for TransAct Technologies (TACT) CEO?
The RSUs were granted on August 3, 2023 and vest 25% annually, starting on the first anniversary of the grant date. Each vested unit converts into one share of common stock, resulting in 12,050 shares issued in this reported vesting event.
Was the TransAct Technologies (TACT) CEO’s transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the company did not affirm that these transactions occurred under a pre-arranged trading plan. No footnotes describe any separate trading arrangement for this RSU conversion.