Form 4: Telos Corp EVP, CFO Gary Mark Bendza Reports Stock Transaction

Gary Mark Bendza, EVP and CFO of Telos Corp, reports the withholding of 98,019 shares to cover tax obligations following the vesting of restricted stock units.

Summary

• On May 16, 2025, Gary Mark Bendza, the EVP and CFO of Telos Corporation, had 217,335 restricted stock units vest and settle into common stock.
• Telos withheld 98,019 shares of common stock to cover Mr. Bendza's tax obligations related to the vesting.
• The price per share for the tax withholding was $2.71.
• Following the transaction, Mr. Bendza directly owns 693,808 shares of Telos common stock.
• Mr. Bendza also indirectly owns 8,482.77 shares through a 401k plan.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.

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 and the subsequent tax withholding, which is a common practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders due to the change in beneficial ownership of Telos stock by a company executive.

Key Dates

Keywords

Telos Corp, TLS, Gary Mark Bendza, EVP, CFO, Form 4, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership