<SEC-DOCUMENT>0001017303-24-000028.txt : 20240304
<SEC-HEADER>0001017303-24-000028.hdr.sgml : 20240304
<ACCEPTANCE-DATETIME>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
</SEC-HEADER>
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    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="F2">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</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">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%.</footnote>
        <footnote id="F5">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.</footnote>
        <footnote id="F6">The Restricted Stock Units convert to common stock on a one-for-one basis.</footnote>
        <footnote id="F7">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.</footnote>
        <footnote id="F8">Shares of restricted stock units (RSU) vested on 03/02/2024 and issued on 03/04/2024.</footnote>
        <footnote id="F9">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.</footnote>
        <footnote id="F10">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.</footnote>
        <footnote id="F11">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.</footnote>
        <footnote id="F12">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.</footnote>
    </footnotes>

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        <signatureName>Steven A. DeMartino</signatureName>
        <signatureDate>2024-03-04</signatureDate>
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