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: 2024-05-20

Reporting Person: Barbato Thomas L (Sr. VP Finance & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-20	Common Stock, $.50 par value	A	986	—	Acquired	1376	Direct
2024-05-20	Common Stock, $.50 par value	F	436	$124.12	Disposed	940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-20	Restricted Stock Units	$0	A	1919	Acquired		Common Stock, $.50 par value (1919)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (3686)	3686	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (1417)	1417	Direct
Stock Option (Right to Buy)	$90.92	2027-01-03	Common Stock, $.50 par value (6000)	6000	Direct
Stock Option (Right to Buy)	$63.17	2027-05-25	Common Stock, $.50 par value (5000)	5000	Direct

Footnotes

F1: These shares were awarded to Mr. Barbato upon the vesting of performance-based restricted stock units granted to him under the Transcat, Inc. 2021 Stock Incentive Plan, as amended, 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 March 27, 2027.

F4: 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.

F5: 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.

F6: This option vests and becomes exercisable pro rata with respect to one-third of the shares subject to the option on the first, second, and third anniversaries of the date of grant.

F7: This option vests and becomes exercisable on the third anniversary of the date of grant.