Form 4: Telos Corp EVP, CFO Gary Mark Bendza Reports Acquisition and Disposal of Shares

Gary Mark Bendza, EVP and CFO of Telos Corp, reports acquiring 57,331 shares upon vesting of performance share units and disposing of 27,064 shares to cover tax obligations.

Summary

• On April 14, 2025, Gary Mark Bendza, the EVP and CFO of Telos Corporation, acquired 57,331 shares of common stock due to the vesting of performance share units at a price of $2.48 per share.
• On the same day, Mr. Bendza disposed of 27,064 shares of common stock at $2.48 per share to satisfy tax withholding obligations related to the vesting of the performance stock units.
• Following these transactions, Mr. Bendza directly owns 791,827 shares of Telos Corp common stock.
• Additionally, Mr. Bendza indirectly owns 8,482.77 shares through a 401k plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation and tax obligations. There's no indication of significant positive or negative implications.

Positives

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

Negatives

• The disposal of 27,064 shares to cover tax obligations, while standard practice, could be interpreted as a slight dilution of holdings.

Risks

• There are no specific risks mentioned in this document.
• However, any insider trading activity or misrepresentation of facts could lead to legal and financial repercussions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance share units and the subsequent tax obligations, which are common occurrences.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders, as it involves the standard vesting of shares and tax obligations of an executive.

Key Dates

Keywords

Telos Corp, Gary Mark Bendza, EVP, CFO, Form 4, Insider Trading, Beneficial Ownership, Performance Share Units, Tax Withholding, TLS