Transcat (TRNS) CFO awarded shares and RSUs, with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Transcat Inc Sr. VP Finance & CFO Thomas L. Barbato reported equity compensation activity involving performance-based restricted stock units and new awards. He received 1,719 shares of common stock upon vesting of performance-based RSUs granted under the 2021 Stock Incentive Plan, after the company met pre-determined adjusted EBITDA thresholds over a three-year period ending in fiscal 2026. To cover related tax obligations, 760 shares of common stock were withheld rather than sold on the open market. Barbato was also granted 3,925 new RSUs, which convert into common stock on a one-for-one basis and generally vest on March 31, 2029. Following these transactions, he directly holds 5,409 shares of common stock and continues to hold stock options and additional RSU awards with future vesting dates and option expirations in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Barbato Thomas L
Role
Sr. VP Finance & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,925 | $0.00 | -- |
| Grant/Award | Common Stock, $.50 par value | 1,719 | $0.00 | -- |
| Tax Withholding | Common Stock, $.50 par value | 760 | $76.45 | $58K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,925 shares (Direct, null);
Common Stock, $.50 par value — 5,409 shares (Direct, null);
Stock Option (Right to Buy) — 6,000 shares (Direct, null)
Footnotes (1)
- These shares were awarded to Mr. Barbato upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2021 Stock Incentive Plan, as amended (the "Plan"), in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement of certain pre-determined adjusted EBITDA thresholds over the eligible three-year period that ended in fiscal year 2026. Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units. These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. These RSUs were granted under the Plan 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. This option is fully exercisable as of the date of this report.
Key Figures
Vested RSU shares: 1,719 shares
Tax withholding shares: 760 shares
New RSU grant: 3,925 RSUs
+4 more
7 metrics
Vested RSU shares
1,719 shares
Common stock received upon vesting of performance-based RSUs
Tax withholding shares
760 shares
Common shares withheld to cover RSU vesting tax obligations
New RSU grant
3,925 RSUs
Grant under Plan, scheduled to vest on March 31, 2029
Post-transaction common shares
5,409 shares
Direct common stock holdings after reported transactions
Stock option 1
5,000 shares at $63.17
Option fully exercisable, expiring May 25, 2027
Stock option 2
6,000 shares at $90.92
Option expiring January 3, 2027
Large RSU holding
19,772 RSUs
RSUs vesting on March 27, 2027, converting one-for-one into common
Key Terms
performance-based restricted stock units, Rule 16b-3, adjusted EBITDA, restricted stock units ("RSUs"), +1 more
5 terms
performance-based restricted stock units financial
"These shares were awarded to Mr. Barbato upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2021 Stock Incentive Plan"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Rule 16b-3 regulatory
"awarded to Mr. Barbato ... under the Transcat, Inc. 2021 Stock Incentive Plan, as amended (the "Plan"), 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.
adjusted EBITDA financial
"vested after three years based on the Company's achievement of certain pre-determined adjusted EBITDA thresholds over the eligible three-year period"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
restricted stock units ("RSUs") financial
"These restricted stock units ("RSUs") convert into common stock on a one-for-one basis."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units."
FAQ
What insider transactions did Transcat (TRNS) CFO Thomas Barbato report?
Thomas Barbato reported vesting of performance-based RSUs, a grant of new RSUs, and tax-related share withholding. He received 1,719 common shares from vested RSUs and 3,925 new RSUs, while 760 shares were withheld to satisfy tax obligations tied to the vesting event.
What new restricted stock units did the Transcat (TRNS) CFO receive?
Barbato received a grant of 3,925 restricted stock units that convert into common stock on a one-for-one basis. These RSUs were granted under the company’s stock incentive plan and, except as otherwise provided in the award notice, are scheduled to vest on March 31, 2029.
What equity awards and options remain outstanding for the Transcat (TRNS) CFO?
Outstanding equity includes stock options on 5,000 shares at an exercise price of $63.17 expiring May 25, 2027, and 6,000 shares at $90.92 expiring January 3, 2027, plus several RSU awards totaling tens of thousands of underlying shares with vesting dates in 2027, 2028, and 2029.