Form 4: Kratos EVP & CFO Deanna H. Lund Reports Stock Transaction

Deanna H. Lund, EVP & CFO of Kratos Defense & Security Solutions, reports disposition of shares to cover tax obligations and updates beneficial ownership.

Summary

• On March 8, 2024, Deanna H. Lund, the EVP & CFO of Kratos Defense & Security Solutions, Inc. (KTOS), reported a transaction involving common stock.
• 99,496 shares were disposed of to satisfy tax liabilities related to vested performance restricted stock units.
• The transaction was executed at a price of $18.24 per share.
• Following the transaction, Lund directly owns 315,481 shares of Kratos common stock, which includes shares purchased through the Employee Stock Purchase Plan and held in a 401(k) account.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

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. It's a common practice for executives to sell shares to cover tax obligations arising from vesting equity awards.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates