Kratos Defense & Security (KTOS) executive RSU grant and vesting detailed
Rhea-AI Filing Summary
Kratos Defense & Security Solutions executive Steven S. Fendley, President of the US Division, reported multiple equity transactions in early January 2026. On January 3, 2026, he received a grant of 50,000 restricted stock units (RSUs), each representing one share of common stock, which vest in equal installments on each of the first five anniversaries of the grant date.
On January 3 and 4, previously granted RSUs vested and were settled, with several blocks of 10,000 RSUs converted into common stock at an exercise price of $0. In connection with these vestings, the company withheld 4,045 and multiple blocks of 3,934 common shares at $79.29 per share to cover tax obligations, rather than these shares being sold on the open market. After these transactions, Fendley directly owned 348,653 shares of common stock, including approximately 2,307 shares held through the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,934 | $79.29 | $312K |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,934 | $79.29 | $312K |
| Grant/Award | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,045 | $79.29 | $321K |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,934 | $79.29 | $312K |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,934 | $79.29 | $312K |
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one share of Issuer's common stock. RSUs vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement. RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant. RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant. RSUs were granted and previously reported on a Form 4 filed January 7, 2025, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2025 date of grant. RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant. RSUs were granted and previously reported on a Form 4 filed January 5, 2024, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2024 date of grant. Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4. Includes approximately 2,307 shares held through Issuer's 401(k) Plan.
FAQ
What insider activity did KTOS executive Steven S. Fendley report?
Steven S. Fendley, President of the US Division of Kratos Defense & Security Solutions, reported a new grant of restricted stock units and the vesting and settlement of several prior RSU awards into common stock on January 3 and 4, 2026.
How many restricted stock units were newly granted to the KTOS executive?
On January 3, 2026, Fendley received a grant of 50,000 restricted stock units (RSUs), each representing a contingent right to receive one share of Kratos common stock, vesting ratably over five years.
Were the KTOS executivecs transactions stock sales or tax withholdings?
The filing shows that when RSUs vested and converted into common stock, the company withheld shares in a net transaction to satisfy tax liabilities. Footnote 8 states that shares were withheld at $79.29 per share in accordance with the issuer 5cs trading policies, rather than representing open-market sales.
What is the vesting schedule for the reported KTOS restricted stock units?
Each RSU award described in the footnotes generally vests ratably on each of the first five anniversaries of its respective grant date, unless earlier vested or terminated under the RSU agreement.
What do the 5cM 5c and 5cF 5c transaction codes mean in the KTOS Form 4?
In this Form 4, code M indicates the exercise or conversion of restricted stock units into common stock at an exercise price of $0, while code F indicates shares withheld to pay taxes in connection with those vesting events, including withholdings at $79.29 per share.
What is Steven S. Fendley 5cs role at Kratos Defense & Security Solutions (KTOS)?
According to the filing, Steven S. Fendley is an officer of Kratos Defense & Security Solutions serving as President, US Division, and the Form 4 is filed for one reporting person in this capacity.