Sypris Solutions (SYPR) director awarded 40,000 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Convis Gary L reported acquisition or exercise transactions in this Form 4 filing.
Sypris Solutions director Gary L. Convis received a grant of 40,000 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Sypris common stock. The award was granted at no cash cost and brings his reported RSU holdings to 40,000 units.
The RSUs were granted under the 2025 Sypris Omnibus Plan and the Directors' Compensation Program. They are scheduled to vest 100% on June 16, 2028, provided he continues to serve as a director through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Convis Gary L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 40,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 40,000 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer. The RSUs are granted pursuant to the 2025 Sypris Omnibus Plan and the Directors' Compensation Program, which will vest 100% on June 16, 2028, provided that the Reporting Person remains a director of the Issuer on such vesting date.
Key Figures
RSUs granted: 40,000 units
Underlying common shares: 40,000 shares
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
40,000 units
Restricted stock units awarded to director on June 17, 2026
Underlying common shares
40,000 shares
Each RSU represents one share of common stock
Grant price
$0.0000 per unit
Equity compensation award, no cash paid by director
Post-award RSU holdings
40,000 units
Total RSUs owned following this transaction
Vesting date
June 16, 2028
RSUs vest 100% if director remains in service
Key Terms
Restricted Stock Units, RSU, 2025 Sypris Omnibus Plan, Directors' Compensation Program, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2025 Sypris Omnibus Plan financial
"The RSUs are granted pursuant to the 2025 Sypris Omnibus Plan and the Directors' Compensation Program"
Directors' Compensation Program financial
"The RSUs are granted pursuant to the 2025 Sypris Omnibus Plan and the Directors' Compensation Program"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
FAQ
What insider transaction did SYPR director Gary L. Convis report on this Form 4?
Gary L. Convis reported receiving 40,000 restricted stock units as an equity award. These RSUs give him a contingent right to receive 40,000 shares of Sypris Solutions common stock, subject to future vesting conditions tied to continued board service.
How many Sypris Solutions (SYPR) restricted stock units were granted to Gary L. Convis?
Gary L. Convis was granted 40,000 restricted stock units. Following this award, his reported RSU holdings total 40,000 units, each representing a contingent right to receive one share of Sypris Solutions common stock if the vesting conditions are satisfied.
When do Gary L. Convis’s SYPR restricted stock units vest?
The 40,000 restricted stock units are scheduled to vest 100% on June 16, 2028. Vesting requires that Gary L. Convis remain a director of Sypris Solutions through that date under the terms of the company’s 2025 Omnibus Plan and Directors' Compensation Program.
What does each restricted stock unit mean for SYPR’s Gary L. Convis?
Each restricted stock unit represents a contingent right to receive one share of Sypris Solutions common stock. Convis will only receive the underlying shares if the RSUs vest, which depends on his continued service as a director through June 16, 2028.
Under which plan were the 40,000 SYPR restricted stock units granted to Gary L. Convis?
The 40,000 restricted stock units were granted under the 2025 Sypris Omnibus Plan and the Directors' Compensation Program. These company plans govern equity-based compensation for directors, including vesting schedules and service requirements tied to awards like RSUs.