Form 4: Kratos Defense & Security Solutions Director Hagen Settles Restricted Stock Units Upon Resignation
SEC Form 4
Director Daniel J. Hagen settled 10,000 restricted stock units of Kratos Defense & Security Solutions upon resignation from the Board on October 2, 2024.
Summary
- On October 2, 2024, Daniel J. Hagen, a director of Kratos Defense & Security Solutions, settled 10,000 restricted stock units (RSUs).
- The RSUs were previously granted and reported on a Form 4 filed May 23, 2024.
- The RSUs vested and were settled upon Hagen's resignation from the Board.
- The settlement resulted in Hagen receiving 10,000 shares of Kratos common stock.
- Following the transaction, Hagen directly owns 20,000 shares of Kratos common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding the settlement of restricted stock units, which is a neutral event.
Industry Context
This transaction is a routine disclosure related to insider activity and doesn't necessarily reflect broader industry trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Daniel J. Hagen | October 02, 2024 | Resignation from the Board |
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares.
Key Dates
| Date | Description |
|---|---|
| May 23, 2024 | Date RSUs were granted and previously reported |
| October 02, 2024 | Date of RSU settlement and resignation from the Board |
| October 04, 2024 | Date of Form 4 filing |
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