Form 4: Transcat Inc. Executive Theresa A. Conroy Reports Stock Transactions
SEC Form 4 Filing
Theresa A. Conroy, Sr. VP of Human Resources at Transcat Inc., reports the vesting of restricted stock units and related tax withholding.
Summary
- On March 28, 2025, Theresa A. Conroy, Sr. VP of Human Resources at Transcat Inc., had restricted stock units (RSUs) vest, which converted into 633 shares of common stock.
- Conroy also had 313 shares withheld to cover tax obligations related to the vesting of these RSUs at a price of $72.93.
- Following these transactions, Conroy directly owns 836 shares of Transcat Inc. common stock and holds derivative securities including 783 RSUs vesting on March 27, 2027, 2,024 RSUs vesting on March 28, 2026, and an option to buy 2,000 shares exercisable on May 25, 2025, at $63.17.
- Conroy also acquired 22 shares under the Transcat, Inc. Employee Stock Purchase Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. There are no explicit positive or negative indicators about the company's performance.
Positives
- The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.
- The executive continues to hold a significant number of shares and derivative securities, suggesting confidence in the company's future.
Negatives
- The withholding of shares to cover tax obligations reduces the number of shares directly held by the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking to understand management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/25/2027 | Stock Option (Right to Buy) of 2,000 shares becomes exercisable. |
| 03/27/2027 | 783 Restricted Stock Units vest. |
| 03/28/2025 | Date of earliest transaction; 633 Restricted Stock Units vested and converted to common stock; 313 shares withheld for taxes. |
| 03/28/2026 | 2,024 Restricted Stock Units vest. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Transcat Inc., Theresa A. Conroy, Form 4, Restricted Stock Units, RSUs, Stock Options, Beneficial Ownership, Insider Trading, Equity Securities
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