Form 4: Emanuel P.N. Hilario Reports Transactions in TransAct Technologies Inc. Stock
SEC Form 4 Filing
Director Emanuel P.N. Hilario reports the acquisition of common stock through the conversion of restricted stock units.
Summary
- Emanuel P.N. Hilario, a director of TransAct Technologies Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report covers transactions from February 28, 2025, to March 2, 2025.
- Hilario acquired common stock through the conversion of restricted stock units.
- The transactions involved the conversion of 1,675 shares on February 28, 2025, 1,600 shares on March 1, 2025, and 1,250 shares on March 2, 2025.
- Following these transactions, Hilario directly owns between 17,775 and 20,625 shares of common stock.
- Hilario also holds 11,400 restricted stock units that vest 25% per year.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation.
Positives
- The conversion of restricted stock units to common stock indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they involve the conversion of existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 2022-03-02 | Shares of Restricted Stock Units issued on March 2, 2022 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant. |
| 2023-03-01 | Shares of Restricted Stock Units issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant. |
| 2024-02-29 | Shares of Restricted Stock Units issued on February 29, 2024 pursuant to the Company's 2014 Equity Incentive Plan, as Amended and Restated, vesting 25% annually commencing on the first anniversary of the date of grant. |
| 2024-05-02 | Date of execution for the Limited Power of Attorney. |
| 2025-02-27 | Date of earliest transaction reported. |
| 2025-02-27 | Restricted Stock Units granted. |
| 2025-02-28 | Conversion of 1,675 Restricted Stock Units to common stock. |
| 2025-03-01 | Conversion of 1,600 Restricted Stock Units to common stock. |
| 2025-03-02 | Conversion of 1,250 Restricted Stock Units to common stock. |
| 2025-03-03 | Date of signature for the report. |
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