Form 4: Kratos Executive Benjamin Goodwin Reports Stock Transactions

Benjamin M. Goodwin, SVP at Kratos Defense & Security Solutions, reported multiple transactions involving common stock and restricted stock units on January 3rd and 4th, 2025.

Summary

• Benjamin M. Goodwin, a Senior Vice President at Kratos Defense & Security Solutions, has reported several transactions involving the company's common stock and restricted stock units.
• On January 3rd, 2025, Goodwin acquired 12,500 restricted stock units (RSUs) and also had 7,500 RSUs vest, which were previously granted in 2020, 2022 and 2023.
• On January 3rd, 2025, 6,173 shares of common stock were withheld to cover tax liabilities related to the vesting of the RSUs.
• On January 4th, 2025, Goodwin had 5,000 RSUs vest, which were previously granted in 2021 and 2024.
• On January 4th, 2025, 2,242 shares of common stock were withheld to cover tax liabilities related to the vesting of the RSUs.
• The transactions also included the acquisition of common stock through the vesting of RSUs and the withholding of shares to cover tax obligations.
• Following these transactions, Goodwin directly owns 44,106 shares of common stock and indirectly owns 13,105 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.

Comparison to Industry Standards

• The vesting schedule of the RSUs, with ratable vesting over five years, is a common practice in executive compensation packages.
• The withholding of shares to cover tax liabilities is a standard procedure in equity compensation plans.
• The reporting of these transactions via SEC Form 4 is a standard requirement for company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
• The transactions do not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Kratos, Stock Transactions, Restricted Stock Units, RSU, Form 4, Insider Trading, Executive Compensation, Equity Securities, Beneficial Ownership