Transcat director adds 1,587 shares via RSUs
TRANSCAT INC (TRNS) director Gary J. Haseley reported equity compensation activity involving restricted stock units (RSUs) and common stock.
Rhea-AI Filing Summary
TRANSCAT INC (TRNS) director Gary J. Haseley reported equity compensation activity involving restricted stock units (RSUs) and common stock. On September 9, 2026 he received a grant of 1,671 RSUs that, except as otherwise provided, vest on September 9, 2027 and convert into common stock on a one-for-one basis. On September 10, 2026, 1,587 previously granted RSUs vested and were converted into 1,587 shares of common stock at no cash exercise price, increasing his direct common stock holdings to 40,689 shares. He also reports 1,200 shares of common stock held indirectly by family trusts. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,587 shares exercised/converted
Exercise
4 txns
Insider
Haseley Gary J.
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 | Common Stock, $.50 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,671 contracts (Direct);
Common Stock, $.50 par value — 40,689 shares (Direct);
Common Stock, $.50 par value — 1,200 shares (Indirect, By Family Trusts)
Footnotes (3)
- 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.
Key Figures
RSUs granted: 1,671 units
RSUs vested and converted: 1,587 units/shares
Direct common shares after transaction: 40,689 shares
+3 more
6 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
Direct common shares after transaction
40,689 shares
Direct holdings of common stock following September 10, 2026 conversion
Indirect common shares
1,200 shares
Common stock held indirectly by family trusts as of September 9, 2026
RSU conversion ratio
1.0
RSUs convert into common stock on a one-for-one basis
Vesting date of new RSU grant
September 9, 2027
Scheduled vesting date for the 1,671-unit RSU grant
Key Terms
Restricted Stock Units, Rule 16b-3, indirect ownership, vest
4 terms
Restricted Stock Units financial
"These restricted stock units ("RSUs") convert into common stock on a one-"
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 and,"
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.
indirect ownership financial
"Common Stock held indirectly with the nature of ownership By Family Trusts"
vest financial
"These RSUs vested on September 10, 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did Transcat (TRNS) director Gary J. Haseley report?
He reported a grant of 1,671 restricted stock units on September 9, 2026 and the vesting and conversion of 1,587 RSUs into 1,587 common shares on September 10, 2026, all at a stated conversion price of $0.00 per share.
What are the terms of the new RSU grant reported by Transcat (TRNS)?
The new award is 1,671 restricted stock units that convert into common stock on a one-for-one basis. They were granted in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest on September 9, 2027.
When did Gary J. Haseley’s previously granted Transcat (TRNS) RSUs vest?
A block of 1,587 restricted stock units vested on September 10, 2026 and simultaneously converted into 1,587 shares of common stock, according to the reported footnote disclosure.
Were Gary J. Haseley’s Transcat (TRNS) transactions made under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions, and there is no footnote stating they were executed under a pre-arranged plan.
How are Gary J. Haseley’s indirect holdings in Transcat (TRNS) structured?
He reports 1,200 shares of common stock held indirectly with the nature of ownership described as “By Family Trusts”, indicating those shares are owned through family trust entities rather than directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
