Can we get webhook event "recording.transcript_completed" for meeting which are not recorded?

[yln99517]

When we start meeting as a host then we get to see all the options like summary, recording etc.

1. When we record the meeting, then post meeting completed we receive event called "recording.transcript_completed", as we have subscribed to it.
2. Now when we do not record the meeting, then post meeting completed we do not receive webhook event “recording.transcript_completed”, at the same time if I login into zoom web portal using same credentials, we could see transcript generated.

So is the behaviour correct that we will receive event "recording.transcript_completed" if and only if when the meeting has been recorded?