Form 4: Telos Corp Executive Sells Shares to Cover Tax Obligations After Stock Units Vest
SEC Form 4 Filing
EVP and General Counsel of Telos Corporation, Edward Hutchinson Robbins Jr., disposed of shares to cover tax obligations after restricted stock units vested.
Summary
- On February 1, 2025, Edward Hutchinson Robbins Jr., EVP and General Counsel of Telos Corporation, had 42,773 restricted stock units vest and settle into common stock.
- To cover the tax withholding obligation, Telos withheld 22,927 shares of its common stock at a price of $3.11 per share.
- Following the transaction, Robbins directly owns 447,727 shares of Telos common stock and indirectly owns 7,545.72 shares through a 401k plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of transaction: 42,773 restricted stock units vested and 22,927 shares were withheld for tax obligations. |
| 02/03/2025 | Date of signature on the Form 4 filing. |
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