Form 4: TSS, Inc. Senior Vice President Kieran Brennan Reports Changes in Beneficial Ownership

Senior Vice President Kieran Brennan of TSS, Inc. reports the surrender of shares to cover tax obligations related to vesting restricted share awards.

Summary

• On February 27, 2024, Kieran Brennan, a Senior Vice President at TSS, Inc., surrendered 14,825 shares of common stock to the issuer to satisfy tax withholding obligations related to the vesting of restricted share awards.
• The transaction was reported on February 29, 2024.
• Following the transaction, Brennan directly owns 477,600 shares of TSS, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Management Comments

• The explanation of responses indicates that no shares were sold; the transaction reflects shares surrendered to cover tax obligations related to vesting restricted share awards.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the surrender of shares to cover tax obligations, not a sale on the open market.

Key Dates