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Transcat (TRNS) CIO receives 1,382 RSUs vesting into stock in 2029

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Haddad Michael Jacques reported acquisition or exercise transactions in this Form 4 filing.

Transcat Inc.’s Chief Information Officer Michael Jacques Haddad received a grant of 1,382 restricted stock units (RSUs), each convertible into one share of common stock on a one-for-one basis. These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan and, except as otherwise provided in the award notice, vest on March 31, 2029.

The filing also lists existing RSU awards with underlying common shares of 730, 1,017 and 5,190, which vest on March 27, 2027, January 6, 2028 and March 25, 2028, respectively, providing a schedule of future equity-based compensation for the executive.

Positive

  • None.

Negative

  • None.
Insider Haddad Michael Jacques
Role Chief Information Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,382 $0.00 --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Restricted Stock Units — 1,382 shares (Direct, null)
Footnotes (1)
  1. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 31, 2029. 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.
New RSU grant 1,382 RSUs Granted to CIO on March 27, 2026; vest March 31, 2029
RSU conversion ratio 1:1 into common stock Each RSU converts into one share of common stock
Existing RSUs 730 underlying shares RSUs vest on March 27, 2027, subject to award notice
Existing RSUs 1,017 underlying shares RSUs vest on January 6, 2028, subject to award notice
Existing RSUs 5,190 underlying shares RSUs vest on March 25, 2028, subject to award notice
RSU exercise price $0.0000 per unit Conversion or exercise price for the RSUs
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.
Transcat, Inc. 2021 Stock Incentive Plan financial
"These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, in a transaction exempt under Rule 16b-3"
Rule 16b-3 regulatory
"These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, 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.
vest financial
"These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan... vest on March 31, 2029."
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.
par value financial
"underlying_security_title": "Common Stock, $.50 par value""
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Haddad Michael Jacques
(Last)(First)(Middle)
C/O TRANSCAT, INC.
35 VANTAGE POINT DRIVE
(Street)
ROCHESTER NEW YORK 14624
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TRANSCAT INC [ TRNS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Information Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)05/27/2026A1,382 (2) (2)Common Stock, $.50 par value1,382$01,382D
Restricted Stock Units$0(1) (3) (3)Common Stock, $.50 par value5,1905,190D
Restricted Stock Units$0(1) (4) (4)Common Stock, $.50 par value1,0171,017D
Restricted Stock Units$0(1) (5) (5)Common Stock, $.50 par value730730D
Explanation of Responses:
1. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
2. These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 31, 2029.
3. These RSUs vest on January 6, 2028, except as otherwise provided in the award notice.
4. These RSUs vest on March 25, 2028, except as otherwise provided in the award notice.
5. These RSUs vest on March 27, 2027, except as otherwise provided in the award notice.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Kristina L. Johnston, Attorney-in-Fact for Michael J. Haddad05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Transcat (TRNS) report for Michael Jacques Haddad?

Transcat reported that Chief Information Officer Michael Jacques Haddad received a grant of 1,382 restricted stock units. These units are a form of equity compensation that convert into common stock on a one-for-one basis, adding to his long-term incentive holdings.

How many restricted stock units were granted to the Transcat (TRNS) CIO?

The Transcat Chief Information Officer received 1,382 restricted stock units. Each RSU converts into one share of common stock, providing future ownership if vesting conditions are met, rather than representing an immediate cash payment or open-market share purchase.

When do Michael Jacques Haddad’s new Transcat (TRNS) RSUs vest?

The newly granted 1,382 restricted stock units to Michael Jacques Haddad are scheduled to vest on March 31, 2029. Vesting is subject to the terms of the award notice under the Transcat, Inc. 2021 Stock Incentive Plan, as referenced in the filing footnotes.

What other RSU awards for Transcat (TRNS) are disclosed in this filing?

The filing lists additional RSU awards with underlying common shares of 730, 1,017 and 5,190. These units vest on March 27, 2027, January 6, 2028 and March 25, 2028, respectively, outlining a staggered schedule of future equity-based compensation for the reporting person.

Do the Transcat (TRNS) RSUs involve any purchase or sale of shares?

No open-market purchase or sale is involved; the RSUs are a grant of equity compensation. They convert into common stock on a one-for-one basis at vesting, with a stated exercise or conversion price of $0.0000 per unit, according to the Form 4 data.

Under which plan were the new Transcat (TRNS) RSUs granted?

The new 1,382 restricted stock units were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended. The filing notes the transaction is exempt under Rule 16b-3, a regulatory provision governing certain insider equity compensation arrangements and related transactions.