Dewan Darryll E 4
4 · TSS, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
TSS, Inc. (TSSI) CEO Darryll E. Dewan Receives 5,000-Share Award
What Happened Darryll E. Dewan, CEO of TSS, Inc. (TSSI), was granted 5,000 shares of restricted common stock (transaction code A) on March 23, 2026. The shares were awarded at no cash cost ($0). Per the filing, 2,500 shares vested on March 23, 2026 and the remaining 2,500 are scheduled to vest on January 1, 2027, subject to forfeiture.
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely filing).
- Grant type/price: Restricted stock award, $0.00 per share (no purchase price).
- Vesting: 2,500 shares vested immediately (Mar 23, 2026); 2,500 vest Jan 1, 2027 and remain subject to forfeiture.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Award was subject to financial performance vesting criteria that the filing states has been achieved.
Context Restricted stock awards are compensation grants, not open-market purchases or sales. The immediate vesting of 2,500 shares increases the CEO’s vested equity now, while the remaining shares are conditional and can be forfeited if vesting conditions or employment requirements are not met. This filing is informational and does not, by itself, indicate intent to buy or sell additional shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-23+5,000→ 604,471 total
- 5,000(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]These shares of common stock represent restricted stock granted to Mr. Dewan that are subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Dewan 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.