Brennan Kieran 4

What Happened

• Brennan Kieran, Senior Vice President of TSS, Inc. (TSSI), received a restricted stock award of 2,500 shares on March 23, 2026 (transaction code A). The award is reported at $0.00 per share.
• To satisfy tax withholding related to the vesting, 304 shares were surrendered to the company at $12.40 per share (transaction code F), for a withholding value of $3,770.

Key Details

• Transaction dates: March 23, 2026 (award and tax withholding); filing date: March 25, 2026 (timely).
• Award: 2,500 restricted shares granted @ $0.00.
• Tax withholding: 304 shares surrendered @ $12.40 = $3,770 withheld.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes:
  • F1: The 2,500 restricted shares are subject to financial performance vesting that has been achieved; vesting installments: 1,250 shares vested on March 23, 2026, and 1,250 shares will vest on January 1, 2027 (subject to forfeiture if employment conditions are not met).
  • F2: The 304 shares were surrendered to satisfy tax withholding obligations in connection with the vesting.
• Filing timeliness: filed within the normal Form 4 timeframe (not indicated as late).

Context

• This was an award of restricted stock (not an open-market purchase or sale). Awards reflect compensation and vesting conditions rather than a direct personal buy/sell signal.
• The surrender of shares to cover taxes is a routine administrative step that reduces the net shares received from the award.