Transcat director reports RSU grant, 1,587 vest
Transcat director Craig D. Cairns reported new RSU awards, RSU vesting into common shares, and a fully vested stock option position.
Rhea-AI Filing Summary
TRANSCAT INC (TRNS) director Craig D. Cairns reported equity award activity and related share issuances. On September 9, 2026, he received 1,671 Restricted Stock Units that convert into common stock on a one-for-one basis and, except as otherwise provided in the award agreement, vest on September 9, 2027. On September 10, 2026, 1,587 RSUs vested and were converted into 1,587 shares of common stock, increasing his direct common stock holdings to 6,590 shares. He also reports a fully vested stock option covering 10,000 shares at an exercise price of $47.14 per share, expiring May 12, 2031, plus indirect holdings through 401(k) plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,587 shares exercised/converted
Exercise
6 txns
Insider
Cairns Craig D.
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 | -- | -- | -- |
| holding | Common Stock, $.50 par value | -- | -- | -- |
| holding | Common Stock, $.50 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,671 contracts (Direct);
Common Stock, $.50 par value — 6,590 shares (Direct);
Stock Option (Right to Buy) — 10,000 contracts (Direct);
Common Stock, $.50 par value — 1,480 shares (Indirect, By Howe & Rusling 401(k) Plan FBO Craig D. Cairns);
Common Stock, $.50 par value — 1,910 shares (Indirect, By Howe & Rusling Roth 401(k) Plan FBO Craig D. Cairns)
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
Direct common shares after conversion: 6,590 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 that vested and converted into common stock on September 10, 2026
Direct common shares after conversion
6,590 shares
Direct holdings of Transcat common stock after September 10, 2026 transaction
Stock option exercise price
$47.14 per share
Exercise price of fully vested option expiring May 12, 2031
Underlying shares in stock option
10,000 shares
Underlying Transcat common shares for the reported stock option
Indirect 401(k) holdings
1,480 shares
Common shares held via Howe & Rusling 401(k) Plan FBO Craig D. Cairns
Indirect Roth 401(k) holdings
1,910 shares
Common shares held via Howe & Rusling Roth 401(k) Plan FBO Craig D. Cairns
Key Terms
Restricted Stock Units, Rule 16b-3, vested and exercisable, stock option
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.
vested and exercisable financial
"This option is fully vested and exercisable as of the date of this report"
stock option financial
"Stock Option (Right to Buy) reported as a fully vested option"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Transcat (TRNS) director Craig D. Cairns receive in this Form 4?
He received 1,671 Restricted Stock Units on September 9, 2026, which convert into common stock on a one-for-one basis and, except as otherwise provided in the award agreement, vest on September 9, 2027 under a transaction exempt under Rule 16b-3.
What are Craig D. Cairns’s direct common stock holdings in Transcat (TRNS) after these transactions?
Following the September 10, 2026 RSU conversion, he directly holds 6,590 shares of Transcat common stock, reported as direct ownership.
What stock option position does Craig D. Cairns report for Transcat (TRNS)?
He reports a stock option that is fully vested and exercisable, covering 10,000 underlying shares of common stock at an exercise price of $47.14 per share, expiring on May 12, 2031.
Does Craig D. Cairns have any indirect holdings of Transcat (TRNS) stock?
Yes. He reports indirect ownership of 1,480 shares through the Howe & Rusling 401(k) Plan FBO Craig D. Cairns and 1,910 shares through the Howe & Rusling Roth 401(k) Plan FBO Craig D. Cairns.
Were Craig D. Cairns’s reported Transcat (TRNS) transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and no footnote indicates that these transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
