Telos (TLS) VP Cooke uses 2,548 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TELOS CORP reported a routine insider update for VP and Chief Information Technology Officer Malcolm G. Cooke. On the reported date, the company withheld 2,548 shares of common stock at $4.20 per share to cover his tax obligation from vesting restricted stock units. The footnote states that no shares were sold to any third party as part of this transaction. Following the disposition, Cooke directly holds 136,679.091 common shares and indirectly holds 12,770.35 shares through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cooke Malcolm G.
Role
VP, Chief Info Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,548 | $4.20 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 136,679.091 shares (Direct, null);
Common Stock — 12,770.35 shares (Indirect, Held in 401(k))
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,548 shares
Withholding price per share: $4.20 per share
Direct holdings after transaction: 136,679.091 shares
+1 more
4 metrics
Shares withheld for taxes
2,548 shares
Tax-withholding disposition on vesting of restricted stock units
Withholding price per share
$4.20 per share
Value used for 2,548-share tax withholding
Direct holdings after transaction
136,679.091 shares
Common stock directly owned after tax-withholding disposition
Indirect 401(k) holdings
12,770.35 shares
Common stock held indirectly in 401(k) account
Key Terms
restricted stock units, tax withholding obligation, Common Stock, 401(k)
4 terms
restricted stock units financial
"resulting from the vesting of the restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"to satisfy the reporting person's tax withholding obligation resulting"
Common Stock financial
"Telos withheld 2,548 shares of its common stock to satisfy"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
401(k) financial
"Held in 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What insider transaction did Telos (TLS) report for Malcolm G. Cooke?
Telos reported that Malcolm G. Cooke had 2,548 common shares withheld to cover taxes from vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and was handled directly by the company.
What does the F transaction code mean in the Telos (TLS) Form 4?
The F code in this Form 4 indicates a tax-withholding disposition, where shares are delivered to the issuer to pay exercise price or taxes. Here, Telos withheld 2,548 shares to satisfy Cooke’s tax obligation on vesting restricted stock units.