TRANSCAT INC — Director's Dealing 2024

May 22, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2024-04-08

Reporting Person: West Michael W. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-20	Common Stock, $.50 par value	A	1333	—	Acquired	25659	Direct
2024-05-20	Common Stock, $.50 par value	F	656	$124.12	Disposed	25003	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-04-08	Restricted Stock Units	$0	A	2000	Acquired		Common Stock, $.50 par value (2000)	Direct
2024-05-20	Restricted Stock Units	$0	A	916	Acquired		Common Stock, $.50 par value (916)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (1000)	1000	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (725)	725	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (871)	871	Direct

Footnotes

F1: These shares were awarded to Mr. West upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2024.

F2: Shares withheld to cover tax withholding obligations on the vesting of performance-based restricted stock units.

F3: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on April 8, 2027.

F4: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2027.

F5: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, except as otherwise provided in the award notice.

F6: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, except as otherwise provided in the award notice.

F7: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2025, except as otherwise provided in the award notice.