Transcat director gets 1,671 RSUs, 1,587 vest
TRANSCAT INC director Christopher P. Gillette reported RSU vesting, a new RSU grant, and a sizable option position, with no open-market trades disclosed.
Rhea-AI Filing Summary
TRANSCAT INC (TRNS) director Christopher P. Gillette reported equity-compensation activity involving restricted stock units (RSUs), common stock, and stock options. On September 10, 2026, 1,587 RSUs vested and converted one-for-one into 1,587 shares of common stock, bringing his directly held common stock to 1,787 shares. On September 9, 2026, he received a grant of 1,671 RSUs, granted in a transaction exempt under Rule 16b-3, which are scheduled to vest on September 9, 2027, subject to the award agreement. He also holds a stock option covering 10,000 underlying common shares at an exercise price of $109.55 per share, expiring on September 6, 2033, vesting pro rata in five annual installments. No market purchases or sales of common stock are reported, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,587 shares exercised/converted
Exercise
4 txns
Insider
Gillette Christopher P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,587 | $0.00 | $0.00 |
| Exercise | Common Stock, $.50 par value F1 | 1,587 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F2 | 1,671 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,671 contracts (Direct);
Common Stock, $.50 par value — 1,787 shares (Direct);
Stock Option (Right to Buy) — 10,000 contracts (Direct)
Footnotes (4)
- F1. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2. These RSUs were granted in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest on September 9, 2027.
- F3. These RSUs vested on September 10, 2026.
- F4. This option vests and becomes exercisable pro rata with respect to one-fifth of the shares subject to the option on the first, second, third, fourth and fifth anniversaries of the date of grant, except as otherwise provided in the award agreement.
Key Figures
RSUs vested and converted: 1,587 units/shares
Common stock held after transaction: 1,787 shares
New RSU grant: 1,671 units
+5 more
8 metrics
RSUs vested and converted
1,587 units/shares
RSUs that vested and converted into common stock on September 10, 2026
Common stock held after transaction
1,787 shares
Directly held common shares following the September 10, 2026 RSU conversion
New RSU grant
1,671 units
RSUs granted on September 9, 2026, vesting September 9, 2027
Stock option exercise price
$109.55 per share
Exercise price of option on 10,000 underlying common shares
Underlying shares for stock option
10,000 shares
Common shares underlying option expiring September 6, 2033
Stock option expiration
September 6, 2033
Expiration date of reported stock option position
RSU vesting date
September 10, 2026
Date on which 1,587 RSUs vested
Future RSU vesting date
September 9, 2027
Scheduled vesting date for the 1,671 RSUs granted September 9, 2026
Key Terms
Restricted Stock Units, Rule 16b-3, Stock Option (Right to Buy), vests
4 terms
Restricted Stock Units financial
"These restricted stock units ("RSUs") convert into common stock on a one-for-one"
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.
Rule 16b-3 regulatory
"These RSUs were granted in a transaction exempt under Rule 16b-3 and"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... vests and becomes exercisable pro rata"
vests financial
"option vests and becomes exercisable pro rata with respect to one-fifth"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did TRANSCAT INC (TRNS) director Christopher P. Gillette report on this Form 4?
He reported 1,587 RSUs vesting into 1,587 common shares, a new grant of 1,671 RSUs scheduled to vest in 2027, and an existing stock option for 10,000 shares at $109.55, with no open-market purchases or sales.
What are the terms of Christopher P. Gillette’s new RSU grant at TRANSCAT INC (TRNS)?
On September 9, 2026, he received 1,671 RSUs that convert into common stock on a one-for-one basis. The grant is exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vests on September 9, 2027.
What stock option position in TRANSCAT INC (TRNS) does Gillette report?
He reports a stock option (right to buy) with an exercise price of $109.55 per share, covering 10,000 underlying common shares, expiring on September 6, 2033. It vests pro rata in five equal annual installments from the grant date.
Were Christopher P. Gillette’s TRANSCAT INC (TRNS) transactions under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 or similar trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
