TSS, Inc. (TSSI) COO receives 29,801 restricted stock award grant
Rhea-AI Filing Summary
TSS, Inc. reported that its Chief Operating Officer, Karl Todd Marrott, received a grant of 29,801 shares of common stock on January 14, 2026 as an equity award. The filing shows these shares are restricted stock issued at a price of $0 per share under an award agreement and are subject to forfeiture. The restricted shares vest in three annual installments: 9,934 shares on January 14, 2027, 9,934 shares on January 14, 2028, and 9,933 shares on January 14, 2029. After this grant, Marrott beneficially owns 306,837 shares of TSS common stock directly.
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FAQ
What insider transaction did TSS, Inc. (TSSI) disclose?
TSS, Inc. disclosed that Chief Operating Officer Karl Todd Marrott received a grant of 29,801 shares of restricted common stock on January 14, 2026.
What type of shares were granted to Karl Todd Marrott at TSS, Inc. (TSSI)?
The award consists of restricted common stock that was granted pursuant to an award agreement and is subject to forfeiture.
How will Karl Todd Marrott’s restricted stock grant at TSS, Inc. vest?
The restricted stock will vest in three installments: 9,934 shares on January 14, 2027, 9,934 shares on January 14, 2028, and 9,933 shares on January 14, 2029.
Did Karl Todd Marrott pay for the restricted shares he received from TSS, Inc.?
No cash was paid for the award; the filing shows a transaction price of $0 per share for the 29,801 restricted shares.
How many TSS, Inc. shares does Karl Todd Marrott own after this grant?
Following the reported transaction, Karl Todd Marrott beneficially owns 306,837 shares of TSS, Inc. common stock, held directly.
Was this TSS, Inc. insider grant reported as a direct or indirect holding?
The filing shows the 29,801 restricted shares, and the total 306,837 shares following the transaction, as held in direct ownership.