Form 4: Telos Corp Executive Cooke Acquires Shares Through Performance Share Vesting
SEC Form 4 Filing
VP and Chief Info Tech Officer of Telos Corporation, Malcolm G. Cooke, reports acquisition of shares through performance share unit vesting and subsequent withholding for tax obligations.
Summary
- On April 14, 2025, Malcolm G. Cooke, VP and Chief Info Tech Officer of Telos Corporation, acquired 2,232 shares of common stock due to the vesting of performance share units at a price of $2.48 per share.
- Telos withheld 791 shares of common stock at $2.48 per share to cover Cooke's tax obligations related to the vesting.
- Following these transactions, Cooke directly owns 88,428.091 shares and indirectly owns 10,035.26 shares held in a 401(k).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The vesting of shares could be seen as mildly positive, but the tax withholding is a neutral event.
Positives
- The vesting of performance share units suggests that Cooke has met certain performance criteria, which could be viewed positively.
Industry Context
This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/14/2025 | Date of transaction: acquisition of shares through vesting and withholding for taxes. |
| 04/15/2025 | Date of signature on the Form 4 filing. |
Keywords
Telos Corp, Malcolm G. Cooke, performance share units, stock vesting, Form 4, insider trading, tax withholding, TLS
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