Form 4: Kratos Executive Steven S. Fendley Reports Stock Transactions
SEC Form 4 Filing
Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 20, 2025, Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, exercised 20,000 Restricted Stock Units (RSUs).
- These RSUs, granted on February 20, 2024, vested 100% on the anniversary of the grant date.
- 7,870 shares were withheld to cover the tax liability associated with the vesting of the RSUs at a price of $25.99 per share.
- Following these transactions, Fendley directly owns 377,655 shares of Kratos common stock, which includes approximately 1,985 shares held through the Issuer's 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the executive's holdings and potentially signals confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of grant for 20,000 RSUs that vest 100% on the anniversary of the grant date. |
| 02/20/2025 | Date of RSU exercise and tax withholding. |
| 02/21/2025 | Date of Form 4 signature. |
| 02/22/2024 | Date Form 4 was filed reporting the grant of 20,000 RSUs. |
Keywords
Kratos Defense & Security Solutions, Steven S. Fendley, Form 4, Restricted Stock Units, RSU, Stock Options, Beneficial Ownership, Insider Trading
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