Form 4: Telos CFO Increases Direct Shareholding Through Performance Unit Vesting

Telos Corporation's EVP and CFO, Gary Mark Bendza, acquired 85,997 shares of common stock through performance share unit vesting, with 38,785 shares withheld for tax obligations.

Summary

• Gary Mark Bendza, Executive Vice President and Chief Financial Officer of Telos Corporation, acquired 85,997 shares of common stock.
• The acquisition resulted from the vesting of performance share units.
• The transaction occurred on July 1, 2025, with a reported price of $3.12 per share.
• Telos Corporation withheld 38,785 shares of its common stock, valued at $3.12 per share, to satisfy the reporting person's tax withholding obligation related to the vesting.
• The reporting person did not sell any shares of Telos stock to a third party as part of this transaction.
• Following these transactions, Gary Mark Bendza directly beneficially owns 741,020 shares of common stock.
• Additionally, Gary Mark Bendza indirectly beneficially owns 8,482.77 shares through a 401k plan.

Sentiment

Score: 6

Explanation: The filing reports the vesting of performance share units for a key executive, which is a positive sign of executive compensation alignment, offset by standard tax withholding, resulting in a slightly positive to neutral sentiment.

Positives

• Acquisition of 85,997 shares by a key executive (EVP, CFO) through performance share unit vesting, indicating alignment with company performance and long-term incentives.
• The reporting person did not sell any shares to a third party, suggesting a commitment to retaining equity in the company.

Negatives

• 38,785 shares were withheld by Telos to satisfy tax obligations, which reduced the net shares received by the executive from the vesting event.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders may view the executive's increased direct ownership as a positive sign of alignment with shareholder interests and confidence in the company's future performance.

Key Dates

Keywords

Telos Corporation, TLS, Form 4, Insider Transaction, Executive Compensation, Performance Share Units, Stock Vesting, Gary Mark Bendza, CFO, Share Acquisition, Tax Withholding