Form 4: Transcat Inc. Director Christopher P. Gillette Reports Stock Transactions
SEC Form 4 Filing
Director Christopher P. Gillette reports the vesting and conversion of restricted stock units into common stock of Transcat Inc.
Summary
- On September 6, 2024, Christopher P. Gillette, a director of Transcat Inc., reported transactions involving the company's stock.
- Gillette vested and converted 456 restricted stock units into 456 shares of common stock.
- These restricted stock units convert into common stock on a one-for-one basis.
- Gillette also holds options to buy 10,000 shares of Transcat Inc. common stock at an exercise price of $109.55, expiring on September 6, 2033.
- The options vest pro rata over five years from the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Restricted stock units vested and converted to common stock. |
| 09/06/2024 | Date of transaction for derivative securities. |
| 09/06/2033 | Expiration date of stock options. |
| 09/09/2024 | Date of report signature. |
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