Telos EVP has shares withheld for taxes
TELOS CORP executive Mark D. Griffin reported routine equity activity related to compensation, not an open-market trade.
Rhea-AI Filing Summary
TELOS CORP executive Mark D. Griffin reported routine equity activity related to compensation, not an open-market trade. Telos withheld 77,097 shares of common stock to satisfy his tax withholding obligation arising from the vesting of restricted stock units. These shares were not sold to any third party.
After this tax-withholding disposition, he directly holds 1,347,490 shares of Telos common stock and indirectly holds 21,352.280 shares through a 401(k) plan. The transactions reflect standard handling of equity-based compensation rather than discretionary buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 77,097 shares
Exercise Price or Tax Liability
2 txns
Insider
Griffin Mark D
Role
EVP, Security Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 77,097 | $4.20 | $324K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,347,490 shares (Direct);
Common Stock — 21,352.28 shares (Indirect, By 401k Plan)
Footnotes (1)
- F1. Telos withheld 77,097 shares of its common stock to satisfy the reporting person's tax withholding obligation resulting from the vesting of the restricted stock units. The reporting person did not sell any shares of Telos stock to a third party as part of this transaction.
Key Figures
Tax-withheld shares: 77,097 shares
Withholding price: $4.20 per share
Direct holdings after transaction: 1,347,490 shares
+2 more
5 metrics
Tax-withheld shares
77,097 shares
Common stock withheld to satisfy tax obligation from RSU vesting
Withholding price
$4.20 per share
Price used for 77,097-share tax-withholding disposition
Direct holdings after transaction
1,347,490 shares
Common stock directly owned by Mark D. Griffin after withholding
Indirect 401(k) holdings
21,352.280 shares
Common stock held indirectly in a 401(k) plan
Tax-withholding transactions
1 transaction
Summary count of F-code tax-withholding disposition events
Key Terms
restricted stock units, tax withholding obligation, 401k Plan, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"tax withholding obligation 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 from the vesting"
401k Plan financial
"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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"Telos withheld 77,097 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Telos (TLS) EVP Mark Griffin report?
Mark Griffin reported a tax-related share disposition, not an open-market trade. Telos withheld 77,097 common shares to cover his tax obligation from vesting restricted stock units, while he retained a substantial direct and indirect ownership position in the company.
What does transaction code F mean in the Telos (TLS) insider report?
Transaction code F indicates shares were disposed of to cover obligations like taxes or exercise costs. In this case, 77,097 Telos shares were withheld to satisfy Mark Griffin’s tax liability from RSU vesting, rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
