Telos (TLS) EVP awarded 106,763 RSUs plus 160,145 performance-based units
Rhea-AI Filing Summary
Griffin Mark D reported acquisition or exercise transactions in this Form 4 filing.
Telos Corp executive Mark D. Griffin reported equity awards and updated holdings. He received a grant of 106,763 shares of common stock as restricted share units, which will vest in three equal installments on May 26, 2027, May 26, 2028, and May 26, 2029, subject to forfeiture.
He was also granted 160,145 performance-based RSUs, each representing a contingent right to one share of common stock. These vest based on the company’s Total Shareholder Return versus peers over the period from June 1, 2026 through May 31, 2029. Following these awards, he holds 1,454,253 common shares directly and 21,352.2800 shares indirectly through a 401k plan, plus the 160,145 performance-based RSUs.
Positive
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Insider Trade Summary
Net Buyer: 106,763 shares
Net Buy
3 txns
Insider
Griffin Mark D
Role
EVP, Security Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based RSUs | 160,145 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 106,763 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based RSUs — 160,145 shares (Direct);
Common Stock — 1,454,253 shares (Direct);
Common Stock — 21,352.28 shares (Indirect, By 401k Plan)
Footnotes (2)
- F1. These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) one-third will vest on May 26, 2027; (2) one-third will vest on May 26, 2028; and (3) one-third will vest on May 26, 2029.
- F2. Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. The performance-based RSUs vest upon the Issuer's common stock achieving a certain Total Shareholder Return relative to certain of the Issuer's peers during the performance period of June 1, 2026 through May 31, 2029.
Key Figures
Restricted share unit grant: 106,763 shares
Performance-based RSU grant: 160,145 units
Direct common stock holdings: 1,454,253 shares
+3 more
6 metrics
Restricted share unit grant
106,763 shares
Time-based RSUs granted at $0.0000 per share on May 26, 2026
Performance-based RSU grant
160,145 units
Each unit convertible into one share, granted at $0.0000 per unit
Direct common stock holdings
1,454,253 shares
Total shares of common stock held directly after the awards
Indirect 401k holdings
21,352.2800 shares
Common stock held indirectly through a 401k plan
RSU vesting schedule
One-third in 2027, 2028, 2029
Restricted share units vest on May 26, 2027, 2028, and 2029
Performance period for PBRSUs
June 1, 2026–May 31, 2029
TSR-based performance measurement window for performance-based RSUs
Key Terms
restricted share units, Performance-Based RSUs, Total Shareholder Return, 401k Plan
4 terms
Performance-Based RSUs financial
"Each performance-based RSU presents a contingent right to receive one share of Issuer common stock"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
401k Plan financial
"total_shares_following_transaction: 21352.2800, direct_or_indirect: I, nature_of_ownership: By 401k Plan"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Telos (TLS) EVP Mark D. Griffin receive?
He received 106,763 restricted share units and 160,145 performance-based RSUs. The restricted units vest in three equal annual tranches, while the performance-based RSUs depend on Telos’ relative Total Shareholder Return over a defined multi-year performance period.
What are the performance conditions for Telos (TLS) performance-based RSUs?
Each of the 160,145 performance-based RSUs represents a right to one Telos share. They vest only if the company’s Total Shareholder Return meets specified relative performance versus peers during the June 1, 2026 to May 31, 2029 performance period.
Are Mark D. Griffin’s new Telos (TLS) awards open-market purchases or compensation grants?
The filing shows compensation-related grants, not open-market buying. Both the 106,763 restricted share units and 160,145 performance-based RSUs were awarded at a price of $0.0000 per unit under company award agreements, subject to vesting and forfeiture conditions.
When do Mark D. Griffin’s Telos (TLS) performance-based RSUs expire if unvested?
The performance-based RSUs carry an expiration date of May 31, 2029. They vest only if Total Shareholder Return hurdles are met over the June 1, 2026 to May 31, 2029 period; otherwise, unvested units would lapse at expiration.