Transcat Inc (TRNS) director sells 504 shares, reports RSUs and options
Rhea-AI Filing Summary
Transcat Inc. director Christopher P. Gillette reported selling 504 shares of common stock on August 7, 2026 at $94.2345 per share, leaving 200 common shares held directly. He also reports derivative positions, including 1,587 restricted stock units that convert one-for-one into common stock and 10,000 stock options with a $109.55 exercise price expiring on September 6, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 504 shares
Net Sell
3 txns
Insider
Gillette Christopher P.
Role
Director
Sold
504 shs ($47K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $.50 par value | 504 | $94.2345 | $47K |
| holding | Restricted Stock Units F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.50 par value — 200 shares (Direct);
Restricted Stock Units — 1,587 shares (Direct);
Stock Option (Right to Buy) — 10,000 shares (Direct)
Footnotes (2)
- F1. These restricted stock units, which convert into common stock on a one-for-one basis, vest on September 10, 2026, except as otherwise provided in the award agreement.
- F2. This option vests and becomes exercisable pro rata with respect to one-fifth of the shares subject to the option on the first, second, third, fourth and fifth anniversaries of the date of grant, except as otherwise provided in the award agreement.
Key Figures
Shares sold: 504 shares
Sale price per share: $94.2345 per share
Common shares held after sale: 200 shares
+4 more
7 metrics
Shares sold
504 shares
Common stock sold by director on August 7, 2026
Sale price per share
$94.2345 per share
Price for the 504 Transcat common shares sold
Common shares held after sale
200 shares
Direct non-derivative holdings following the transaction
Restricted stock units underlying shares
1,587 shares
RSUs convertible one-for-one into common stock, vesting September 10, 2026
Stock option underlying shares
10,000 shares
Underlying common shares subject to reported stock option holding
Stock option exercise price
$109.55
Exercise price for the reported stock option holding
Stock option expiration date
September 6, 2033
Expiration date for the reported Transcat stock option
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), par value, pro rata
4 terms
Restricted Stock Units financial
"These restricted stock units, which 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.
Stock Option (Right to Buy) financial
"This option vests and becomes exercisable pro rata with respect to one-fifth"
par value financial
"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.
pro rata financial
"option vests and becomes exercisable pro rata with respect to one-fifth"
Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.
FAQ
What insider transaction did TRANSCAT INC (TRNS) report for Christopher P. Gillette?
Christopher P. Gillette reported a sale of 504 shares of Transcat Inc. common stock on August 7, 2026. The sale was reported as a sale in open market or private transaction at a stated per-share price.
What restricted stock units does Christopher P. Gillette hold in TRNS?
Christopher P. Gillette holds 1,587 restricted stock units that convert into Transcat common stock on a one-for-one basis. These units vest on September 10, 2026, except as otherwise provided in the related award agreement.
What stock options in TRNS does Christopher P. Gillette report holding?
He reports stock options on 10,000 underlying shares of Transcat common stock with a $109.55 exercise price. The option expires on September 6, 2033 and vests pro rata in fifths on each of the first five anniversaries of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
