MARROTT KARL TODD 4
4 · TSS, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
TSSI COO Karl Marrott Receives Restricted Stock Award
What Happened
- Karl Todd Marrott, Chief Operating Officer of TSS, Inc. (TSSI), was granted 5,000 restricted shares on March 23, 2026 (reported on Form 4). The grant was recorded at $0.00 per share. To satisfy tax withholding on the vested portion, Marrott surrendered 609 shares at $12.40 each (proceeds/value = $7,552).
Key Details
- Transaction dates: March 23, 2026 (grant and withholding); Form 4 filed March 25, 2026 (timely).
- Grant: 5,000 restricted shares @ $0.00 (transaction code A).
- Tax withholding: 609 shares surrendered @ $12.40 = $7,552 (transaction code F).
- Vesting schedule (footnote): 2,500 shares vested on March 23, 2026; remaining 2,500 will vest on January 1, 2027, subject to forfeiture if employment conditions are not met (footnote F1).
- Shares surrendered were to satisfy tax withholding obligations related to the vesting (footnote F2).
- Shares owned after the transaction: not specified in the filing.
Context
- This was an award of restricted stock (not an open-market purchase or sale). The immediate surrender of shares was a net-share/tax-withholding action to cover taxes on the vested portion, not a market sale for investment purposes.
- Restricted stock grants can reflect compensation or retention incentives; they do not by themselves signal a personal buy or sell decision.
Insider Transaction Report
Form 4
TSS, Inc.TSSI
MARROTT KARL TODD
Chief Operating Officer
Transactions
- Award
Common Stock
[F1]2026-03-23+5,000→ 291,545 total - Tax Payment
Common Stock
[F2]2026-03-23$12.40/sh−609$7,552→ 290,936 total
Footnotes (2)
- [F1]These shares of common stock represent restricted stock granted to Mr. Marrott that are subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Marrott remains employed through the applicable vesting dates: (1) 2,500 shares vested on March 23, 2026, and (2) 2,500 shares will vest on January 1, 2027, and are subject to forfeiture.
- [F2]Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
Signature
/s/ Karl Marrott Todd|2026-03-25