Straus Robert D 4
Research Summary
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TechPrecision (TPCS) Director Robert Straus Receives Restricted Stock Award
What Happened
Robert D. Straus, a director of TechPrecision Corporation (TPCS), received two compensatory stock awards on March 6, 2026 totaling 16,168 restricted shares (12,228 + 3,940). Both awards were reported at $0.00 per share (award/grant code A), so the filing shows $0 cash price — these are grants as compensation, not open-market purchases or sales.
Key Details
- Transaction date: March 6, 2026. Reporting filed March 10, 2026 (timely; filed by the second business day following the transaction).
- Awards: 12,228 restricted shares (vests in full on October 28, 2026) and 3,940 restricted shares issued in lieu of 50% of Straus’s annual 2025 cash director fee.
- Reported price: $0.00 per share; reported total value $0 (reflects grant accounting on Form 4).
- Shares owned after transaction: not disclosed in the provided filing.
- Transaction code: A = Award/Grant. No 10b5-1, tax-withholding, or late-filing notes are indicated.
Context
This filing documents routine director compensation in the form of restricted stock. Such awards are common for independent directors and are different from a director buying or selling stock in the open market; they reflect compensation and vesting schedules rather than an immediate market bet. The 12,228-share award has a future vesting date (Oct 28, 2026), so those shares are not yet freely tradable.