Form 4: Telos Corp Chairman and CEO John B. Wood Reports Acquisition and Tax Withholding of Common Stock

John B. Wood, Chairman and CEO of Telos Corp, reports the acquisition of 114,808 shares of common stock upon vesting of performance share units and the withholding of 51,912 shares for tax obligations.

Summary

• On April 14, 2025, John B. Wood, Chairman and CEO of Telos Corporation, acquired 114,808 shares of common stock due to the vesting of performance share units at a price of $2.48 per share.
• Telos withheld 51,912 shares of common stock to cover Mr. Wood's tax obligations related to the vesting of these performance stock units, also valued at $2.48 per share.
• Following these transactions, Mr. Wood directly owns 5,089,821 shares of Telos common stock.
• Additionally, Mr. Wood indirectly owns 772,485 shares through an LLC and 193,970.5 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The document is neutral in tone, reporting routine transactions related to executive compensation. The vesting of performance shares is a positive indicator, but the tax withholding is a standard procedure.

Positives

• The vesting of performance share units suggests that Mr. Wood has met certain performance criteria, which could be viewed positively.

Future Outlook

There are no explicit forward-looking statements in this document.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the performance share units in this case.
• Tax withholding on equity awards is a standard practice in corporate compensation.
• Similar filings are made by executives at companies like Palantir, Crowdstrike, and Okta, reflecting standard compensation practices in the tech industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders by slightly increasing the number of outstanding shares.
• The vesting of performance shares incentivizes management to improve company performance, which benefits shareholders.

Key Dates

Keywords

Telos Corp, John B. Wood, Form 4, Beneficial Ownership, Common Stock, Performance Share Units, Tax Withholding, Securities