TechPrecision (TPCS) director awarded 16,507-share stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TECHPRECISION CORP director Walter Milton Schenker reported stock-based compensation awards rather than open‑market trades. On March 6, 2026 he acquired 12,228 shares of restricted common stock and an additional 4,279 shares as stock grants at no cash cost.
The 12,228-share restricted stock award will vest in full on October 28, 2026, subject to its conditions, and was issued in lieu of 50% of his annual cash fee for the 2025 independent director service period. Following these awards, he directly holds 79,727 common shares.
He also reports 300,902 common shares held indirectly through MAZ Partners LP. These are attributed to MAZ Partners LP, and he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Schenker Walter Milton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,228 | $0.00 | -- |
| Grant/Award | Common Stock | 4,279 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 75,448 shares (Direct);
Common Stock — 300,902 shares (Indirect, Held by MAZ Partners LP)
Footnotes (1)
- The Reporting Person received an award of 12,228 shares of restricted stock on March 6, 2026, which, subject to the conditions of the award, will vest in its entirety on October 28, 2026. This stock grant was issued in lieu of 50% of the annual cash fee payable to the Reporting Person for service as an independent director of TechPrecision Corporation for the 2025 service period. MAZ Capital Advisors, LLC is the General Partner of MAZ Partners LP, and the reporting person is the sole member and manager of MAZ Capital Advisors, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did Walter Milton Schenker report at TECHPRECISION (TPCS)?
Walter Milton Schenker reported two stock-based compensation awards in TECHPRECISION common stock, totaling 16,507 shares. These were granted on March 6, 2026 as share awards, not open‑market purchases, increasing his reported direct holdings to 79,727 common shares.
Why did TECHPRECISION grant restricted stock instead of cash fees to Schenker?
The company issued 12,228 restricted shares to Schenker in lieu of 50% of the annual cash fee for his 2025 independent director service period. This structure compensates him partly in equity, aligning director compensation more closely with shareholder value rather than paying entirely in cash.
What indirect TECHPRECISION holdings are reported for Schenker through MAZ Partners LP?
The filing reports 300,902 TECHPRECISION common shares held indirectly through MAZ Partners LP. MAZ Capital Advisors, LLC is the general partner, and Schenker is its sole member and manager, but he disclaims beneficial ownership of these shares except for his pecuniary interest in the partnership.