TSS (NASDAQ: TSSI) director receives 3,784 restricted shares award
Rhea-AI Filing Summary
TSS, Inc. director Richard M. Metzler reported receiving 3,784 shares of common stock on January 14, 2026. The Form 4 shows this as an acquisition at a price of $0 per share, bringing his directly held beneficial ownership to 153,784 common shares.
According to the footnote, these shares are restricted stock granted under an award agreement and are subject to forfeiture. The grant will vest over three years: 1,261 shares on January 14, 2027, another 1,261 shares on January 14, 2028, and the remaining 1,262 shares on January 14, 2029, provided the vesting conditions are met.
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FAQ
What insider transaction did TSS, Inc. (TSSI) disclose for Richard M. Metzler?
The filing reports that director Richard M. Metzler acquired 3,784 shares of TSS, Inc. common stock on January 14, 2026, recorded as a grant at $0 per share.
How many TSS, Inc. shares does Richard M. Metzler own after this Form 4 transaction?
After the reported restricted stock grant, Richard M. Metzler beneficially owns 153,784 shares of TSS, Inc. common stock in direct ownership.
What type of shares did Richard M. Metzler receive in the latest TSSI Form 4?
He received restricted shares of common stock in TSS, Inc., granted under an award agreement and subject to forfeiture based on vesting conditions.
What is the vesting schedule for Richard M. Metzler’s restricted TSSI shares?
The 3,784 restricted shares vest in three installments: 1,261 shares on January 14, 2027, 1,261 shares on January 14, 2028, and 1,262 shares on January 14, 2029.
Did Richard M. Metzler pay cash for the 3,784 TSS, Inc. shares reported on Form 4?
No cash payment is shown; the Form 4 lists the transaction price per share as $0, indicating a stock grant rather than an open-market purchase.
Is Richard M. Metzler a director or officer of TSS, Inc. according to this Form 4?
The filing identifies Richard M. Metzler as a director of TSS, Inc. and does not list him as an officer or 10% owner.