Telos (TLS) EVP and General Counsel receives 103,014-share award and tax withholding
Rhea-AI Filing Summary
Telos Corp executive Edward Hutchinson Robbins Jr., EVP and General Counsel, reported equity compensation changes. On March 18, 2026, he received a grant of 103,014 shares of Telos common stock as a stock award, increasing his direct holdings.
On March 19, 2026, Telos withheld 50,529 shares at a reference price of $4.27 per share to cover his tax withholding obligations from the vesting of restricted stock units. A footnote clarifies that no shares were sold to any third party as part of this tax-withholding transaction. After these updates, he directly owns 619,763 shares and indirectly holds 15,904.64 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Routine equity grant with tax withholding, no open-market trading.
EVP and General Counsel Edward Hutchinson Robbins Jr. received a stock award of 103,014 common shares on March 18, 2026. This is labeled as a grant or award, indicating compensation rather than an open-market purchase.
The following day, the company withheld 50,529 shares at $4.27 per share to satisfy tax obligations tied to restricted stock unit vesting. The footnote states he did not sell shares to any third party, so this is a non-market, mechanical tax payment. He still holds 619,763 shares directly plus 15,904.64 shares indirectly via a 401(k), suggesting these movements are routine and do not materially change his overall exposure.
FAQ
What insider transactions did Telos Corp (TLS) report for Edward Hutchinson Robbins Jr.?
Did the Telos Corp (TLS) executive sell any shares in this Form 4 filing?
How many Telos Corp (TLS) shares does Edward Hutchinson Robbins Jr. hold after these transactions?
What does the tax withholding transaction in the Telos Corp (TLS) Form 4 mean?
Was the 103,014-share transaction for Telos Corp (TLS) an open-market purchase?