Is this a sign of transom problems?.

[macojoe]

You might need to tighten the bolts on the bracket a little?

I did a year after I did the job, the bolts sucked in so much that it compressed the transom a little, the next 4 years were fine.

If you are a little lose or a little rotted it might losen up a bit, just try to snug them up and you will be fine for a long time yet!