DILLON JOHN 4

What Happened

• John Dillon, CEO of Transact Technologies (TACT), had performance stock units (PSUs) granted May 1, 2025 that vested in part on February 24, 2026. The filing shows a 177,320‑share PSU award (derivative grant) and the one‑third vesting installment of 59,106 PSUs converted to common shares on Feb 24, 2026.
• Simultaneously, 59,106 shares that converted on vesting were disposed (withheld) — a common method to satisfy tax withholding — so there was no net increase in his share count from this vesting tranche. No cash prices are reported (N/A) because these were award conversions and tax withholding, not open‑market trades.

Key Details

• Transaction date: February 24, 2026; Form 4 filed Feb 26, 2026 (appears timely).
• Transactions reported: A = award of 177,320 PSUs (derivative); M = conversion/exercise of 59,106 PSUs to common stock (acquired), and M = disposition/withholding of 59,106 shares (disposed).
• Price per share: N/A (conversion/award; no open‑market price reported).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: PSUs were issued under the 2014 Equity Incentive Plan and vest in three equal installments (Feb 24, 2026/2027/2028). PSUs were earned on a performance basis (Revenue and Adjusted EBITDA for 2025) and the payout was 155%, which produced the reported PSU totals.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context

• These entries reflect vesting and conversion of performance awards, not a market purchase or discretionary sale. The immediate disposition/withholding of the converted shares is routine to satisfy tax obligations and does not necessarily indicate a change in the CEO’s investment view.
• Transaction codes: A = award/grant of derivative; M = exercise/conversion of derivative.