Telos (TLS) director granted 34,091 restricted stock units as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dockery Derrick D. reported acquisition or exercise transactions in this Form 4 filing.
Telos Corp director Derrick D. Dockery received an equity award of 34,091 shares of common stock in the form of restricted share units. The award was granted at no cash cost and is subject to forfeiture.
These restricted share units are scheduled to vest and be settled in shares of Telos common stock on May 26, 2028. After this grant, Dockery holds 194,591 shares of Telos common stock directly, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dockery Derrick D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,091 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 194,591 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award: 34,091 shares
Post-transaction holdings: 194,591 shares
Grant price: $0.00 per share
+1 more
4 metrics
Equity award
34,091 shares
Restricted share units of common stock granted to director
Post-transaction holdings
194,591 shares
Total Telos common stock directly held after grant
Grant price
$0.00 per share
Reported transaction price per share for RSU grant
Vesting date
May 26, 2028
Date RSUs vest and settle in Telos common stock
Key Terms
restricted share units, subject to forfeiture, vest and be settled
3 terms
subject to forfeiture financial
"restricted share units granted pursuant to an award agreement ... and are subject to forfeiture"
vest and be settled financial
"The restricted share units awarded will vest and be settled in shares of Issuer common stock on May 26, 2028"
FAQ
What insider transaction did TLS director Derrick Dockery report on this Form 4?
Director Derrick D. Dockery reported receiving 34,091 restricted share units of Telos Corp common stock. The award was granted at no cash cost and represents equity compensation, increasing his direct holdings in the company to 194,591 shares after the transaction.
What type of equity award did Telos (TLS) grant to Derrick Dockery?
Telos Corp granted Derrick D. Dockery restricted share units representing 34,091 shares of common stock. These units are subject to forfeiture and will vest and settle in actual Telos shares on May 26, 2028, according to the disclosed award terms.
Was the Telos (TLS) equity grant to Derrick Dockery an open-market purchase?
No, the transaction was not an open-market purchase. It is classified as a grant or award acquisition, with 34,091 restricted share units provided as compensation at a stated price of $0.00 per share rather than through a market buy order.