MARROTT KARL TODD 4
4 · TSS, Inc. · Filed Jan 21, 2025
Insider Transaction Report
Form 4
TSS, Inc.TSSI
MARROTT KARL TODD
Chief Operating Officer
Transactions
- Award
Common Stock
2025-01-16+100,000→ 183,500 total - Award
Common Stock
2025-01-16+150,000→ 333,500 total
Footnotes (2)
- [F1]These shares of common stock represent restricted stock previously granted to Mr. Marrott that were 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 vesting date: (1) 50,000 of the shares vested on the grant date, and (2) 50,000 of the shares will vest on January 1, 2026, and are subject to forfeiture.
- [F2]These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Marrott and the Issuer and are subject to forfeiture. The restricted stock award vests in installments as follows: (1) 50,000 shares will vest on January 16, 2026, (2) 50,000 shares will vest on January 16, 2027, and (3) 50,000 shares will vest on January 16, 2028.