Nortech Systems (NSYS) Director Stacy Kruse Receives 8,000 Option Grant

What Happened

• Stacy A. Kruse, a director of Nortech Systems, was granted a derivative award on March 31, 2026: 8,000 stock options reported at a $0.00 price (award code A). The filing identifies this as an option grant (derivative securities), with no cash paid at grant. The filing does not list an exercise price in-line; a footnote clarifies the options become exercisable on May 1, 2027.

Key Details

• Transaction date: March 31, 2026; Form 4 filed: September 16, 2026 (filed late vs. the typical 2-business-day Form 4 window).
• Award: 8,000 stock options (derivative) reported at $0.00 on the Form 4; footnote F2: “8,000 Stock Options granted on March 31, 2026, exercisable on May 1, 2027.”
• Related awards: footnote F1 notes 3,438 Restricted Stock Units granted May 20, 2025 that vest May 1, 2027.
• Shares owned after transaction: not specified in the filing.
• Remarks: Exhibit 24.1 (Power of Attorney) was previously filed with a Form 4 on March 21, 2022 and is incorporated by reference.
• Filing timeliness: This report appears late (reported ~5.5 months after the transaction), which is noted for investors tracking prompt disclosure.

Context

• This was a grant of options (an award), not an open-market buy or sale. Grants are compensation or retention tools and do not necessarily indicate immediate buying or selling of shares.
• The options are not indicated as exercised or sold; they become exercisable on May 1, 2027 per the footnote. The filing does not show a cashless exercise or sale associated with this grant.