LEVY ANDREW A 4
Research Summary
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TechPrecision (TPCS) Director Andrew Levy Receives Restricted Stock Award
What Happened Andrew A. Levy, a director of TechPrecision Corporation (TPCS), was granted two awards on March 6, 2026: 12,228 restricted shares and 3,940 shares, each reported at $0.00 (award/compensation). The total award equals 16,168 shares. The 12,228-share award is restricted and, per the filing, will vest in full on October 28, 2026. The $0.00 price indicates these were compensation stock grants rather than purchases.
Key Details
- Transaction date: March 6, 2026; Filing date: March 10, 2026 (Form 4 accession 0001104659-26-025988).
- Grants: 12,228 shares @ $0.00 (restricted, vesting Oct 28, 2026); 3,940 shares @ $0.00.
- Total shares granted: 16,168.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — 12,228 shares vest in entirety on Oct 28, 2026. F2 — the 3,940-share grant was issued in lieu of 50% of Levy’s annual cash fee for his 2025 service period.
- Timeliness: Filing was submitted four days after the transaction; Form 4s are normally due within two business days, so this appears to be filed late.
Context This filing reports compensation in the form of restricted stock, not an open-market buy or sale. Restricted grants typically align directors’ interests with shareholders but do not by themselves signal immediate buying or selling intent, since vesting and other conditions apply. The portion issued in lieu of cash reflects compensation policy rather than a market transaction.