TSS, Inc. (TSSI) CEO logs 26,903-share tax withholding transaction
Rhea-AI Filing Summary
TSS, Inc. Chief Executive Officer and director Dewan Darryll E reported an automatic share disposition tied to equity compensation. On January 16, 2026, he surrendered 26,903 shares of common stock at $12.05 per share back to the company to cover tax withholding obligations arising from the vesting of restricted stock awards, rather than selling shares in the open market. Following this transaction, he directly beneficially owned 625,431 shares of TSS common stock and indirectly held an additional 5,000 shares through his spouse.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 26,903 | $12.05 | $324K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
FAQ
What insider transaction did TSS, Inc. (TSSI) report for Dewan Darryll E?
The filing reports that on January 16, 2026, Chief Executive Officer and director Dewan Darryll E surrendered 26,903 shares of TSS common stock to the company in a transaction coded "F", which is associated with equity award-related tax withholding.
Was the TSS, Inc. (TSSI) insider transaction an open-market sale?
No. The footnote explains that the 26,903 shares were surrendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock awards, rather than sold in the open market.
What is the role of Dewan Darryll E at TSS, Inc. (TSSI)?
According to the filing, Dewan Darryll E is both a director and an officer of TSS, Inc., serving as its Chief Executive Officer.
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