0001017303-24-000028.txt : 20240304 0001017303-24-000028.hdr.sgml : 20240304 20240304163548 ACCESSION NUMBER: 0001017303-24-000028 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DEMARTINO STEVEN A CENTRAL INDEX KEY: 0001245709 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21121 FILM NUMBER: 24715385 MAIL ADDRESS: STREET 1: ONE HAMDEN CENTER STREET 2: 2319 WHITNEY AVENUE, SUITE 3B CITY: HAMDEN STATE: CT ZIP: 06518 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSACT TECHNOLOGIES INC CENTRAL INDEX KEY: 0001017303 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 061456680 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE HAMDEN CENTER STREET 2: 2319 WHITNEY AVENUE, SUITE 3B CITY: HAMDEN STATE: CT ZIP: 06518 BUSINESS PHONE: 203-859-6800 MAIL ADDRESS: STREET 1: ONE HAMDEN CENTER STREET 2: 2319 WHITNEY AVENUE, SUITE 3B CITY: HAMDEN STATE: CT ZIP: 06518 4 1 form4.xml X0508 4 2024-02-29 0001017303 TRANSACT TECHNOLOGIES INC TACT 0001245709 DEMARTINO STEVEN A ONE HAMDEN CENTER 2319 WHITNEY AVENUE, SUITE 3B HAMDEN CT 06518 true President, CFO, Treas. & Secr. false Common Stock 2024-03-01 4 M 0 1197 0 A 92372 D Common Stock 2024-03-01 4 M 0 4627 0 A 96999 D Common Stock 2024-03-02 2024-03-04 4 M 0 940 0 A 97939 D Common Stock 2024-03-04 4 M 0 833 0 A 98772 D Stock Option 6.8 2024-02-29 4 A 0 21000 6.8 A 2025-02-28 2034-02-28 Common Stock 21000 21000 D Restricted Stock Units 2024-02-29 4 A 0 8300 0 A Common Stock 8300 8300 D Restricted Stock Units 2024-03-01 4 M 0 1975 0 D Common Stock 1975 5925 D Performance Stock Units 2024-03-01 4 M 0 7630 0 D Common Stock 7630 15259 D Restricted Stock Units 2024-03-02 2024-03-04 4 M 0 1550 0 D Common Stock 1550 3100 D Resricted Stock Units 2024-03-04 4 M 0 1375 0 D Common Stock 1375 1375 D Mr. DeMartino relinquished 778 shares of common stock of the 1,975 restricted stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes. 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 that have converted to common stock on a one-for-one basis Mr. DeMartino relinquished 3,003 shares of common stock of the 7,630 performance stock units that converted to common stock on March 1, 2024 in order to pay the required income and payroll taxes. Shares of Performance Stock Units (PSU) issued on March 1, 2023 pursuant to the Company's 2014 Equity Incentive Plan, as Amended, which vest in three equal installments on March 1, 2024, March 1, 2025 and March 1, 2026 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on 50% FST Revenue and 50% Adjusted EBITDA for the calendar year 2023. For the FST Revenue metric we achieved 90.6% of the Target resulting in a 81.2% payout. For the Adjusted EDBITDA metric we achieved 136.5% of the target resulting in the maximum 150% payout. Weighting both of these equally at 50%, the resulting payout was 115.6%. Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan, as Amended and Restated. The option becomes exercisable 25% per year on each anniversary date of the grant. The Restricted Stock Units convert to common stock on a one-for-one basis. The Restricted Stock Units were issued pursuant to the TransAct Technologies Incorporated 2014 Equity Incentive Plan, as Amended and Restated. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. Shares of restricted stock units (RSU) vested on 03/02/2024 and issued on 03/04/2024. Mr. DeMartino relinquished 610 shares of common stock of the 1,550 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes. Mr. DeMartino relinquished 542 shares of common stock of the 1,375 restricted stock units that converted to common stock on March 4, 2024 in order to pay the required income and payroll taxes. 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 that have converted to common stock on a one-for-one basis. Shares of Restricted Stock Units issued on March 4, 2021 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 that have converted to common stock on a one-for-one basis. Steven A. DeMartino 2024-03-04