GILL R SCOTT 4
Research Summary
AI-generated summary
Sypris Solutions (SYPR) Director Gill R. Scott Receives 40,000 RSU Award
What Happened
- Gill R. Scott, a director and reported 10% owner of Sypris Solutions (SYPR), received an award of 40,000 restricted stock units (RSUs) on June 17, 2026. The RSUs were granted at $0.00 (no immediate cash paid) and are derivative awards that convert into shares if and when they vest.
Key Details
- Transaction date: 2026-06-17; Grant/Award (code A) of 40,000 RSUs at $0.00.
- Vesting: 100% vests on June 16, 2028, provided the reporting person remains a director (per footnote).
- Plan: Granted under the 2025 Sypris Omnibus Plan and the Directors' Compensation Program.
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: No late filing indicated in the provided record.
Context
- RSUs are contingent rights to receive common shares upon vesting (per footnote). This award is a form of compensation, not a market purchase or sale, so it does not represent an immediate buy or sell signal. Vesting requirements (staying a director through June 16, 2028) mean the award may never convert to shares if the condition is not met.