Schenker Walter Milton 4
Research Summary
AI-generated summary
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.