Schenker Walter Milton 4
4 · TECHPRECISION CORP · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
TechPrecision (TPCS) Director Walter M. Schenker Receives Stock Award
What Happened
Walter Milton Schenker, a director of TechPrecision Corporation, received two awards of common stock on March 6, 2026 (transaction code A): 12,228 restricted shares and 4,279 shares, each reported at $0.00 (awarded, not purchased). The two grants total 16,507 shares. The 12,228-share award vests in full on October 28, 2026; the 4,279-share grant was issued in lieu of 50% of his annual cash director fee for the 2025 service period. The filing reports these as awards (not sales or purchases).
Key Details
- Transaction date: March 6, 2026; filing date: March 10, 2026.
- Amounts: 12,228 shares (restricted; vests Oct 28, 2026) and 4,279 shares (issued in lieu of 50% of 2025 cash fee). Reported price: $0.00.
- Total shares awarded: 16,507.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes: Reporting person notes MAZ Capital Advisors, LLC/MAZ Partners LP structure and disclaims beneficial ownership except to the extent of his pecuniary interest (per filing).
- Transaction type: Award/Grant (code A); no immediate sale or exercise occurred.
Context
Restricted-stock awards and fee-in-lieu issuances are common director compensation practices and do not necessarily indicate the director buying or selling based on a view of the company. The vesting schedule (Oct 28, 2026 for the larger grant) means those shares generally cannot be freely sold until vesting conditions are met.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+12,228→ 75,448 total - Award
Common Stock
[F2]2026-03-06+4,279→ 79,727 total
- 300,902(indirect: Held by MAZ Partners LP)
Common Stock
[F3]
Footnotes (3)
- [F1]The Reporting Person received an award of 12,228 shares of restricted stock on March 6, 2026, which, subject to the conditions of the award, will vest in its entirety on October 28, 2026.
- [F2]This stock grant was issued in lieu of 50% of the annual cash fee payable to the Reporting Person for service as an independent director of TechPrecision Corporation for the 2025 service period.
- [F3]MAZ Capital Advisors, LLC is the General Partner of MAZ Partners LP, and the reporting person is the sole member and manager of MAZ Capital Advisors, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.