Transcat (TRNS) HR leader’s RSUs vest as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Transcat Inc. senior vice president of human resources Theresa A. Conroy exercised restricted stock units (RSUs) into common shares and had a portion withheld for taxes. On March 26, 2026, 1,500 RSUs vested and converted one-for-one into common stock, with 743 shares withheld at $72.97 per share to cover tax obligations. On March 28, 2026, another 524 RSUs vested, with 232 shares withheld at $71.32 per share for taxes. Following these transactions, she directly held 1,931 shares of common stock and retained unexercised equity awards, including multiple RSU grants and a fully exercisable stock option for 2,000 shares at an exercise price of $63.17 per share expiring on May 25, 2027. These events reflect routine equity compensation vesting and related tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,024 shares exercised/converted
Mixed
10 txns
Insider
Conroy Theresa A.
Role
Sr. VP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 524 | $0.00 | -- |
| Exercise | Common Stock, $.50 par value | 524 | $0.00 | -- |
| Tax Withholding | Common Stock, $.50 par value | 232 | $71.32 | $17K |
| Exercise | Restricted Stock Units | 1,500 | $0.00 | -- |
| Exercise | Common Stock, $.50 par value | 1,500 | $0.00 | -- |
| Tax Withholding | Common Stock, $.50 par value | 743 | $72.97 | $54K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, $.50 par value — 2,163 shares (Direct);
Stock Option (Right to Buy) — 2,000 shares (Direct)
Footnotes (1)
- These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Includes 46 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan. Shares withheld to cover tax withholding obligations on the vesting of RSUs. 1,500 RSUs vested on March 26, 2026 and the remaining 524 RSUs vested on March 28, 2026 These RSUs vest on January 6, 2028, except as otherwise provided in the award notice. These RSUs vest on March 25, 2028, except as otherwise provided in the award notice. These RSUs vest on March 27, 2027, except as otherwise provided in the award notice. This option is fully exercisable as of the date of this report.
Key Figures
RSUs vested March 26, 2026: 1,500 units
RSUs vested March 28, 2026: 524 units
Shares withheld for taxes March 26, 2026: 743 shares at $72.97
+4 more
7 metrics
RSUs vested March 26, 2026
1,500 units
Converted one-for-one into common stock on March 26, 2026
RSUs vested March 28, 2026
524 units
Converted one-for-one into common stock on March 28, 2026
Shares withheld for taxes March 26, 2026
743 shares at $72.97
Code F tax-withholding disposition on RSU vesting
Shares withheld for taxes March 28, 2026
232 shares at $71.32
Code F tax-withholding disposition on RSU vesting
Common shares owned after transactions
1,931 shares
Direct Transcat common stock holdings following March 28, 2026
Remaining RSUs grant
10,380 underlying shares
Restricted Stock Units with zero exercise price, held directly
Stock option position
2,000 shares at $63.17
Fully exercisable option expiring May 25, 2027
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax withholding obligations, Stock Option (Right to Buy), +1 more
5 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.
Employee Stock Purchase Plan financial
"Includes 46 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"Shares withheld to cover tax withholding obligations on the vesting of RSUs."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) underlying Common Stock, $.50 par value"
vest financial
"1,500 RSUs vested on March 26, 2026 and the remaining 524 RSUs vested on March 28, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Transcat (TRNS) executive Theresa Conroy report in this Form 4?
Theresa Conroy reported RSU vesting that converted into common stock, along with shares withheld for taxes. She exercised 1,500 RSUs on March 26, 2026 and 524 RSUs on March 28, 2026, increasing her direct ownership while settling tax obligations in shares.
How many Transcat (TRNS) RSUs vested for Theresa Conroy and on what dates?
A total of 2,024 RSUs vested for Theresa Conroy across two dates. Footnotes state 1,500 RSUs vested on March 26, 2026 and the remaining 524 RSUs vested on March 28, 2026, with each RSU converting into one share of Transcat common stock.
What is Theresa Conroy’s Transcat (TRNS) common stock holding after these transactions?
After the reported RSU vesting and tax withholding, Theresa Conroy directly owned 1,931 shares of Transcat common stock. A footnote notes this total includes 46 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan, showing her ongoing equity participation.
What unexercised equity awards does Theresa Conroy still hold in Transcat (TRNS)?
Theresa Conroy continues to hold several unexercised equity awards. These include multiple RSU grants covering 10,380, 1,098 and 783 underlying shares, plus a fully exercisable stock option over 2,000 shares with a $63.17 exercise price expiring May 25, 2027, all held directly.
Are Theresa Conroy’s reported Transcat (TRNS) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Instead, it reflects RSU vesting that converted into common shares and code F transactions where shares were withheld to pay tax liabilities, which the SEC treats as tax-withholding dispositions rather than discretionary market trades.