Convis Gary L 4

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.