[Form 3] Transcat Inc Initial Statement of Beneficial Ownership
Kristina L. Johnston, Principal Accounting Officer of Transcat, Inc. (TRNS), reports beneficial ownership of 358 restricted stock units (RSUs) awarded under the Transcat, Inc. 2021 Stock Incentive Plan. Each RSU converts into one share of common stock on a one-for-one basis and, unless noted otherwise in the award, vests on March 25, 2028. The statement indicates direct ownership of these RSUs.
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Insights
TL;DR Routine insider disclosure: an officer holds 358 RSUs vesting in 2028, a non-material equity grant for investors to note.
This Form 3 records an officer-level initial beneficial ownership of equity compensation rather than open-market trading. The position is relatively small—358 RSUs represent a modest equity stake for a public company officer—and the award converts one-for-one into common shares, vesting on a fixed future date. For valuation or dilution analysis, investors would compare the share count to total outstanding common shares, which is not provided in this filing.
TL;DR Standard Section 16 disclosure: officer-level RSU grant recorded; no governance red flags in the filing itself.
The disclosure identifies the reporting person as an officer with direct ownership of RSUs issued under the companys 2021 Stock Incentive Plan. The grants vesting schedule is explicit, which provides transparency on future potential share issuance. There are no indications of related-party transactions, immediate selling, or unusual derivative instruments disclosed here.