Form 4: Kratos Defense & Security Solutions Executive Carter Disposes of Shares to Cover Tax Obligations

David M. Carter, President of the DRSS Division at Kratos Defense & Security Solutions, disposed of shares to cover tax liabilities related to vested performance restricted stock units.

Summary

• On March 8, 2024, David M. Carter, President of the DRSS Division at Kratos Defense & Security Solutions, disposed of 19,320 shares of common stock.
• The shares were withheld to satisfy tax liabilities related to performance restricted stock units that vested on February 29, 2024.
• The transaction was executed at a price of $18.24 per share.
• Following the transaction, Carter directly owns 122,303 shares, which includes shares purchased through the Employee Stock Purchase Plan and held through the 401(k).

Sentiment

Score: 6

Explanation: The document reflects a neutral event (tax-related stock disposal) and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They are often scrutinized by investors to gauge insider sentiment about the company's prospects. Disposals to cover tax obligations are generally viewed as routine and not necessarily indicative of a negative outlook.

Key Dates