Transcat director awarded 1,671 RSUs, 1,587 vest
Transcat director Kaniki Mbago M. reported RSU grants, RSU vesting into common stock, and a fully vested stock option position.
Rhea-AI Filing Summary
TRANSCAT INC (TRNS) director Kaniki Mbago M. reported equity award and vesting activity. On September 9, 2026, the director received 1,671 restricted stock units (RSUs), which vest on September 9, 2027. On September 10, 2026, 1,587 RSUs vested and converted 1-for-1 into common shares, increasing direct common stock holdings to 4,180 shares. The director also holds a fully vested stock option covering 10,000 shares at an exercise price of $47.14 per share, expiring May 12, 2031. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,587 shares exercised/converted
Exercise
4 txns
Insider
Kaniki Mbago M.
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 — 4,180 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 is fully vested and exercisable as of the date of this report.
Key Figures
RSUs granted: 1,671 units
RSUs vested and converted: 1,587 units/shares
Common shares held after transaction: 4,180 shares
+4 more
7 metrics
RSUs granted
1,671 units
Restricted stock units granted on September 9, 2026
RSUs vested and converted
1,587 units/shares
RSUs vested and converted into common stock on September 10, 2026
Common shares held after transaction
4,180 shares
Direct ownership after RSU conversion on September 10, 2026
Stock option underlying shares
10,000 shares
Shares underlying fully vested stock option held directly
Stock option exercise price
$47.14 per share
Exercise price of stock option expiring May 12, 2031
Stock option expiration date
May 12, 2031
Expiration date of fully vested stock option
RSU vesting date (new grant)
September 9, 2027
Scheduled vesting date for 1,671 RSUs granted September 9, 2026
Key Terms
Restricted Stock Units, Rule 16b-3, fully vested and exercisable, Stock Option (Right to Buy)
4 terms
Restricted Stock Units financial
"These restricted stock units ("RSUs") convert into common stock on a one-for-one basis"
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"
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.
fully vested and exercisable financial
"This option is fully vested and exercisable as of the date of this report"
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) underlying 10,000 shares of common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did the TRNS director receive in this Form 4?
The director received 1,671 restricted stock units on September 9, 2026. 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.
What RSUs vested and converted to Transcat (TRNS) common stock?
On September 10, 2026, 1,587 RSUs vested and converted into 1,587 shares of common stock on a one-for-one basis. Following this conversion, the director held 4,180 shares of Transcat common stock directly.
What stock options does the TRNS director hold according to this filing?
The director holds a stock option to acquire 10,000 shares of Transcat common stock at an exercise price of $47.14 per share. This option is fully vested and exercisable and expires on May 12, 2031.
Were the TRNS transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not selected, so no Rule 10b5-1 trading plan is reported in connection with these equity award and vesting transactions.
How do the RSUs granted to the TRNS director convert into common stock?
The filing states that these restricted stock units convert into common stock on a one-for-one basis. That means each RSU, once vested, converts into one share of Transcat common stock, subject to the terms of the award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
