TSS, Inc. (TSSI) COO granted 5,000 shares, surrenders 609 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TSS, Inc. Chief Operating Officer Karl Todd Marrott reported equity compensation and a related tax share surrender. He received a grant of 5,000 shares of common stock as restricted stock tied to financial performance criteria that have been achieved. According to the vesting schedule, 2,500 shares vested on March 23, 2026, while another 2,500 shares are scheduled to vest on January 1, 2027 and remain subject to forfeiture if employment conditions are not met. In connection with the vesting, Marrott surrendered 609 shares back to the company to satisfy tax withholding obligations, a non-market disposition that does not represent an open-market sale. After these transactions, he holds 290,936 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MARROTT KARL TODD
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 609 | $12.40 | $8K |
Holdings After Transaction:
Common Stock — 291,545 shares (Direct)
Footnotes (1)
- These shares of common stock represent restricted stock granted to Mr. Marrott that are subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Marrott remains employed through the applicable vesting dates: (1) 2,500 shares vested on March 23, 2026, and (2) 2,500 shares will vest on January 1, 2027, and are subject to forfeiture. 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 Karl Todd Marrott?
Karl Todd Marrott reported a grant of 5,000 restricted shares of TSS, Inc. common stock, tied to achieved financial performance criteria. Part of these shares vested immediately, with additional shares scheduled to vest later, reflecting equity-based executive compensation.