CHISM DANIEL M 4
4 · TSS, Inc. · Filed Jan 21, 2025
Insider Transaction Report
Form 4
TSS, Inc.TSSI
CHISM DANIEL M
Chief Financial Officer
Transactions
- Award
Common Stock
2025-01-16+150,000→ 346,974 total - Award
Common Stock
2025-01-16+80,000→ 205,000 total - Tax Payment
Common Stock
2025-01-16$11.79/sh−8,026$94,627→ 196,974 total
Footnotes (3)
- [F1]These shares of common stock represent restricted stock previously granted to Mr. Chism that were subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Chism remains employed through the vesting date: (1) 30,000 of the shares vested on the grant date, and (2) 50,000 of the shares will vest on January 1, 2026, and are subject to forfeiture.
- [F2]Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted stock described in footnote (1) herein.
- [F3]These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Chism and the Issuer and are subject to forfeiture. The restricted stock awarded will vest in installments as follows: (1) 50,000 shares will vest on January 16, 2026, and (2) 50,000 shares will vest on January 16, 2027, and (3) 50,000 shares will vest on January 16, 2028.