TSS, Inc. (TSSI) SVP Brennan vests 2,500 shares, surrenders 304 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TSS, Inc. Senior Vice President Kieran Brennan reported routine equity compensation activity involving company common stock. He acquired 2,500 shares through the vesting of restricted stock tied to financial performance goals that were achieved. Of these, 1,250 shares vested on March 23, 2026, and 1,250 shares are scheduled to vest on January 1, 2027, contingent on continued employment and subject to forfeiture.
In a related tax-withholding step, 304 shares were surrendered back to the company at $12.40 per share to satisfy tax obligations arising from the vesting. After these transactions, Brennan directly holds 281,333 shares of TSS common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brennan Kieran
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 304 | $12.40 | $4K |
Holdings After Transaction:
Common Stock — 281,637 shares (Direct)
Footnotes (1)
- These shares of common stock represent restricted stock granted to Mr. Brennan that are subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Brennan remains employed through the applicable vesting dates: (1) 1,250 shares vested on March 23, 2026, and (2) 1,250 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 transactions did TSS, Inc. (TSSI) report for Kieran Brennan?
TSS, Inc. reported that Senior Vice President Kieran Brennan had 2,500 restricted shares vest based on achieved performance criteria, and 304 shares were surrendered back to the company to cover related tax withholding obligations, leaving him with 281,333 directly held common shares.
Were Kieran Brennan’s TSSI stock transactions open-market buys or sells?
The transactions were not open-market trades. Brennan received 2,500 shares as a restricted stock vesting tied to performance, and 304 shares were surrendered to TSS, Inc. solely to satisfy tax withholding obligations associated with that vesting event.
Does Kieran Brennan’s Form 4 for TSSI indicate any remaining unvested restricted stock?
Yes. The disclosure indicates that of the 2,500 restricted shares linked to achieved performance criteria, 1,250 remained unvested as of the report date and are scheduled to vest on January 1, 2027, assuming Brennan remains employed and the awards are not forfeited.