Form 4: Kratos Executive Steven Fendley Reports Stock Transactions
SEC Form 4 Filing
Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On April 4th and 5th, 2024, Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, engaged in transactions involving Kratos common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax liabilities.
- On April 4th, 3,333 RSUs vested, and 1,292 shares were withheld to satisfy tax obligations at a price of $17.64 per share.
- On April 5th, 13,333 RSUs vested, and 5,170 shares were withheld to satisfy tax obligations at a price of $17.80 per share.
- Following these transactions, Fendley directly owns 430,064 shares of Kratos common stock, which includes approximately 1,552 shares held through the Issuer's 401(k) Plan.
- The reported transactions were executed under the company's trading policies.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock transactions are a normal part of corporate governance. Investors often monitor these filings to gauge executive sentiment and alignment with company performance.
Stakeholder Impact
- Shareholders may be interested in executive stock ownership as an indicator of alignment with company goals.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Date of grant for 40,000 RSUs vesting ratably over three years. |
| 04/04/2022 | Date of grant for 10,000 RSUs vesting ratably over three years. |
| 04/04/2024 | Vesting of 3,333 RSUs and withholding of 1,292 shares for tax liability. |
| 04/05/2024 | Vesting of 13,333 RSUs and withholding of 5,170 shares for tax liability. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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