Form 4: Telos Corp EVP, CFO Gary Mark Bendza Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gary Mark Bendza, EVP and CFO of Telos Corp, reports changes in beneficial ownership due to the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 19, 2024, Gary Mark Bendza, the EVP and CFO of Telos Corporation, reported a change in his beneficial ownership of Telos Corp [TLS] stock.
- The transaction involved the vesting of 15,360 restricted stock units, which were settled in shares of common stock.
- Telos withheld 6,929 shares of common stock to satisfy Bendza's tax withholding obligations related to the vesting.
- Following the transaction, Bendza directly owns 761,560 shares of Telos common stock and indirectly owns 4,905.03 shares through a 401k plan.
- The price per share for the tax withholding was $4.03.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
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 restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of the transaction involving the vesting of restricted stock units and tax withholding. |
| 07/22/2024 | Date of signature on the Form 4 filing. |
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