Convis Gary L 4
4 · SYPRIS SOLUTIONS INC · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Sypris (SYPR) Director Gary Convis Receives 40,000 RSU Award
What Happened Gary L. Convis, a director of Sypris Solutions, Inc. (SYPR), received a grant of 40,000 restricted stock units (RSUs) on June 17, 2026. The RSUs have a reported acquisition price of $0.00 (no immediate cash paid) and are a derivative award representing a contingent right to receive common stock in the future.
Key Details
- Transaction date: 2026-06-17 (reported on Form 4 filed 2026-06-18).
- Grant: 40,000 RSUs; acquisition price reported as $0.00.
- Vesting: 100% vests on June 16, 2028, provided Convis remains a director on that date (granted under the 2025 Sypris Omnibus Plan and Directors' Compensation Program).
- Footnote: Each RSU = contingent right to one share of common stock upon vesting.
- Post-transaction beneficial ownership: not specified in the provided filing excerpt.
- Timeliness: Filing appears timely (Period of Report 2026-06-17; filed 2026-06-18).
Context This is an equity compensation/retention award to a director, not an open-market purchase or sale. RSUs do not convey stock until they vest, so there is no immediate change in share count or sale proceeds; they are typically intended as compensation and a retention incentive.
Insider Transaction Report
Form 4
Convis Gary L
Director
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-06-17+40,000→ 40,000 total→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of the Issuer.
- [F2]The RSUs are granted pursuant to the 2025 Sypris Omnibus Plan and the Directors' Compensation Program, which will vest 100% on June 16, 2028, provided that the Reporting Person remains a director of the Issuer on such vesting date.
Signature
Rachel A. Brady by Power of Attorney on file with the Commission|2026-06-18