TSS, Inc. (TSSI) CEO granted 37,843 restricted shares in Form 4
Rhea-AI Filing Summary
TSS, Inc. reported that Chief Executive Officer and director Dewan Darryll E received an equity award of 37,843 shares of common stock on January 14, 2026, at a price of $0 per share. According to the award terms, these restricted shares are subject to forfeiture and will vest in three installments: 12,614 shares on January 14, 2027, 12,614 shares on January 14, 2028, and 12,615 shares on January 14, 2029. Following this grant, he beneficially owns 652,334 common shares directly, plus 5,000 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,843 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Dewan and the Issuer and are subject to forfeiture. The restricted stock awarded will vest in installments as follows: (1) 12,614 shares will vest on January 14, 2027, (2) 12,614 shares will vest on January 14, 2028, and (3) 12,615 shares will vest on January 14, 2029.
FAQ
What insider transaction did TSS, Inc. (TSSI) report in this Form 4?
The filing reports that TSS, Inc. Chief Executive Officer and director Dewan Darryll E received an award of 37,843 shares of common stock on January 14, 2026.
Was the TSS, Inc. CEO’s Form 4 transaction a purchase or an equity grant?
The transaction is coded as "A" for an acquisition and is described as restricted stock granted under an award agreement, with a per-share price of $0.
Does the Form 4 note any special conditions on the TSS, Inc. CEO’s restricted stock grant?
Yes. The filing states that the 37,843 shares are restricted stock granted under an award agreement and are subject to forfeiture until they vest on the specified dates.
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