Sypris (SYPR) SVP/Treasurer Richard Davis Receives RSU Award

What Happened

• Richard L. Davis, SVP and Treasurer of Sypris Solutions, was granted 20,000 restricted stock units (RSUs) on July 2, 2026. The grant is reported as a derivative award (code A) with an acquisition price of $0.00 — RSUs are rights to receive shares in the future rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-07-06.
• Award: 20,000 RSUs granted at $0.00 per unit (no immediate cash exchanged).
• Vesting: RSUs vest in full on the three-year anniversary of the grant, contingent on continued employment (see footnotes F1 & F2).
• Shares owned after transaction: Not disclosed in the filing.
• Filing status: Form filed on 2026-07-06; filing shows no late-filing flag in the record.

Context

• RSUs are a deferred compensation vehicle: each RSU represents a contingent right to one share upon vesting. This award does not represent an immediate purchase or sale and does not reflect immediate cash proceeds. Vesting is time-based (three years) and dependent on continued employment, so these awards primarily indicate long-term equity compensation rather than short-term trading by the insider.