Transcat (TRNS) COO exercises RSUs, adjusts tax shares and holds 26,484
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Transcat Inc. Chief Operating Officer Michael W. West reported routine equity compensation activity involving restricted stock units (RSUs) that converted into common stock. On March 26 and March 28, 2026, RSU awards covering 1,000 and 725 underlying shares, respectively, were exercised into common stock at an exercise price of $0.00 per share.
To cover tax withholding obligations on these RSU vestings, 495 shares were delivered at $72.97 per share and 339 shares at $71.32 per share, as disclosed. After these transactions, West directly held 26,484 shares of Transcat common stock. He also retained multiple outstanding RSU awards that convert one-for-one into common stock, with underlying share amounts including 12,028, 1,286, 2,000 and 916 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,725 shares exercised/converted
Mixed
10 txns
Insider
West Michael W.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 725 | $0.00 | -- |
| Exercise | Common Stock, $.50 par value | 725 | $0.00 | -- |
| Tax Withholding | Common Stock, $.50 par value | 339 | $71.32 | $24K |
| Exercise | Restricted Stock Units | 1,000 | $0.00 | -- |
| Exercise | Common Stock, $.50 par value | 1,000 | $0.00 | -- |
| Tax Withholding | Common Stock, $.50 par value | 495 | $72.97 | $36K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, $.50 par value — 26,823 shares (Direct)
Footnotes (1)
- These restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan. Shares withheld to cover tax withholding obligations on the vesting of RSUs. These RSUs vested on March 26, 2026. These RSUs vested on March 28, 2026. 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 April 8, 2027, except as otherwise provided in the award notice. These RSUs vest on March 27, 2027, except as otherwise provided in the award notice.
Key Figures
RSU shares exercised: 1,725 shares
Shares withheld for taxes: 834 shares
Common shares held after transactions: 26,484 shares
+4 more
7 metrics
RSU shares exercised
1,725 shares
Total underlying common shares from RSUs exercised on March 26 and 28, 2026
Shares withheld for taxes
834 shares
495 shares at $72.97 and 339 shares at $71.32 for tax withholding
Common shares held after transactions
26,484 shares
Direct Transcat common stock holdings following reported Form 4 transactions
RSU award underlying shares
12,028 shares
Underlying common shares for one outstanding RSU grant, exercise price $0.00
Additional RSU award
1,286 shares
Underlying common shares for another outstanding RSU grant, exercise price $0.00
RSU tax price 1
$72.97/share
Price used for 495 shares delivered to cover tax withholding
RSU tax price 2
$71.32/share
Price used for 339 shares delivered to cover tax withholding
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, Employee Stock Purchase Plan, +1 more
5 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.
tax withholding obligations financial
"Shares withheld to cover tax withholding obligations on the vesting of RSUs."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Employee Stock Purchase Plan financial
"Includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
vesting financial
"These RSUs vested on March 26, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Transcat (TRNS) COO Michael W. West report on this Form 4?
He reported RSU-based equity compensation activity. RSUs for 1,000 and 725 underlying shares converted into Transcat common stock, and some of the resulting shares were delivered back to the company to satisfy tax withholding obligations tied to those vesting events.
How were taxes handled on Michael W. West’s Transcat (TRNS) RSU vesting?
Shares were withheld to cover tax obligations. Specifically, 495 shares were delivered at $72.97 per share and 339 shares at $71.32 per share, consistent with a tax-withholding disposition rather than an open-market sale of Transcat common stock.
What are Michael W. West’s direct Transcat (TRNS) common stock holdings after these transactions?
Following the reported RSU exercises and tax-withholding dispositions, he directly held 26,484 shares of Transcat common stock. This figure includes 114 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan, as noted in the footnotes to the Form 4 filing.
What RSU awards does Michael W. West still hold in Transcat (TRNS)?
He retains several RSU awards that convert into common stock on a one-for-one basis. Outstanding awards have underlying share amounts of 12,028, 1,286, 2,000 and 916 shares, with vesting dates in 2027 and 2028 as specified in the accompanying RSU vesting footnotes.
Are Michael W. West’s Transcat (TRNS) transactions open-market buys or sells?
They are not open-market trades. The Form 4 shows derivative exercises of RSUs (code M) and tax-withholding dispositions (code F). These events reflect equity compensation vesting and related tax payments rather than discretionary purchases or sales of Transcat shares on the open market.