Transcat (TRNS) grants 409 restricted stock units to principal accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Transcat, Inc. reported that Principal Accounting Officer Kristina L. Johnston received a grant of 409 Restricted Stock Units (RSUs), each convertible into one share of common stock. 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 shows an existing holding of 358 RSUs, which vest on March 25, 2028, giving her a staged equity-based compensation position over the next several years. All RSUs carry a conversion price of $0.0000 per share, reflecting their nature as stock-based awards rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Johnston Kristina L
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 409 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 409 shares (Direct, null)
Footnotes (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 March 25, 2028, except as otherwise provided in the award notice.
Key Figures
New RSU grant: 409 RSUs
Existing RSUs: 358 RSUs
RSU conversion ratio: 1 RSU = 1 share common stock
+3 more
6 metrics
New RSU grant
409 RSUs
Granted to Principal Accounting Officer on May 27, 2026
Existing RSUs
358 RSUs
Existing RSU holding shown as of May 27, 2026
RSU conversion ratio
1 RSU = 1 share common stock
RSUs convert into common stock on a one-for-one basis
New RSU vesting date
March 31, 2029
Vesting date for 409 RSUs, except as otherwise provided
Existing RSU vesting date
March 25, 2028
Vesting date for 358 RSUs, except as otherwise provided
Exercise price of RSUs
$0.0000 per share
Conversion or exercise price for the RSUs
Key Terms
Restricted Stock Units, Rule 16b-3, 2021 Stock Incentive Plan, Principal Accounting Officer
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.
2021 Stock Incentive Plan financial
"These RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan, as amended..."
Principal Accounting Officer financial
"Kristina L. Johnston serves as Principal Accounting Officer of Transcat, Inc."
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
FAQ
What insider transaction did Transcat (TRNS) report for Kristina L. Johnston?
Transcat reported that Principal Accounting Officer Kristina L. Johnston received a grant of 409 Restricted Stock Units. These RSUs are equity compensation, not an open-market share purchase, and convert into common stock on a one-for-one basis when they vest.
How many Restricted Stock Units were granted to the Transcat (TRNS) officer?
Kristina L. Johnston was granted 409 Restricted Stock Units. Each RSU converts into one share of Transcat common stock, giving her additional long-term equity exposure as part of the company’s 2021 Stock Incentive Plan, subject to the vesting schedule described.
When do the newly granted Transcat (TRNS) RSUs vest for Kristina Johnston?
The newly granted 409 RSUs generally vest on March 31, 2029, unless otherwise provided in the award notice. This long-dated vesting schedule is designed to align the officer’s incentives with Transcat’s performance over several years.
What existing RSU holdings does Kristina Johnston have at Transcat (TRNS)?
In addition to the new grant, the filing shows Kristina Johnston holding 358 Restricted Stock Units. These RSUs are scheduled to vest on March 25, 2028, providing an earlier tranche of equity-based compensation before the 2029 vesting date.
How do Transcat (TRNS) RSUs convert into common stock for this officer?
The Restricted Stock Units convert into Transcat common stock on a one-for-one basis. The RSUs carry a conversion or exercise price of $0.0000 per share, reflecting that they are stock awards under the company’s incentive plan rather than cash-based options.
Under which plan were the new Transcat (TRNS) RSUs granted?
The 409 RSUs granted to Kristina Johnston were issued under the Transcat, Inc. 2021 Stock Incentive Plan, as amended. The plan provides equity-based awards to key personnel, with this grant structured as a Rule 16b-3 exempt transaction.