Form 4: Telos Executive Mark Griffin Increases Stake Through Performance Share Vesting

Telos Corporation's EVP of Security Solutions, Mark D. Griffin, increased his direct beneficial ownership by 37,135 shares following the vesting of performance share units, with a portion withheld for tax obligations.

Summary

• Mark D. Griffin, Executive Vice President of Security Solutions at Telos Corporation, acquired 67,642 shares of common stock.
• The acquisition resulted from the vesting of certain performance share units.
• Telos Corporation withheld 30,507 shares of its common stock to satisfy Mr. Griffin's tax withholding obligation related to the vesting.
• The transaction price for both the acquired and withheld shares was $3.12 per share.
• Following these transactions, Mr. Griffin directly beneficially owns 1,000,393 shares of common stock.
• Additionally, Mr. Griffin indirectly beneficially owns 17,869.69 shares through a 401k Plan.
• No shares of Telos stock were sold to a third party as part of this transaction.

Sentiment

Score: 6

Explanation: The filing indicates a routine vesting of performance share units for an executive, leading to an increase in direct beneficial ownership after tax withholding. This is generally a neutral to slightly positive signal as it shows executive retention and alignment, with no shares sold to a third party.

Positives

• Mark D. Griffin, EVP, Security Solutions, increased his direct beneficial ownership by 37,135 shares (67,642 acquired minus 30,507 withheld for tax), indicating continued alignment with shareholder interests.
• The shares were acquired through the vesting of performance share units, demonstrating the achievement of performance targets.
• No shares were sold to a third party, suggesting the executive is holding onto the vested equity.

Negatives

• No specific negatives are indicated in this routine insider transaction filing.

Risks

• No specific risks are detailed in this Form 4 filing, which primarily reports changes in beneficial ownership.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• No direct management comments or quotes are provided beyond the signature of the attorney-in-fact.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• Not applicable. This Form 4 reports a specific insider transaction and does not contain information for comparison to industry-wide financial or operational benchmarks.

Related Party Transactions

• The withholding of 30,507 shares by Telos Corporation to satisfy the reporting person's tax obligation resulting from the vesting of performance stock units is a related party transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership (after tax withholding) may be viewed positively as it aligns executive interests with shareholders.
• Employees: The vesting of performance share units indicates that executive compensation plans are being executed as designed.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

Telos Corporation, TLS, Mark D Griffin, insider trading, Form 4, beneficial ownership, performance share units, stock vesting, executive compensation, SEC filing