Telos EVP withholds 127,006 shares for taxes at $7.1 per share
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Telos Corporation (TLS) disclosed insider equity activity by its EVP, Security Solutions, on 10/20/2025 tied to performance-based RSUs. The executive acquired 90,189 shares of common stock at $0 upon vesting and received 191,417 shares from the settlement of performance-based RSUs after Telos’ stock traded at or above $6.00 for 50 consecutive days.
To cover taxes from the vesting, Telos withheld 127,006 shares at $7.1 per share; no shares were sold to a third party. Following these transactions, the executive beneficially owned 1,154,993 shares directly, plus 17,869.69 shares indirectly via a 401(k) plan. Performance-based RSUs outstanding after the event totaled 861,377, with an expiration date of 12/31/2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
191,417 shares exercised/converted
Mixed
5 txns
Insider
Griffin Mark D
Role
EVP, Security Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based RSUs | 191,417 | $0.00 | -- |
| Grant/Award | Common Stock | 90,189 | $0.00 | -- |
| Exercise | Common Stock | 191,417 | $0.00 | -- |
| Tax Withholding | Common Stock | 127,006 | $7.10 | $902K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based RSUs — 861,377 shares (Direct);
Common Stock — 1,090,582 shares (Direct);
Common Stock — 17,869.69 shares (Indirect, By 401k Plan)
Footnotes (1)
- The reporting person acquired these shares upon the vesting of certain performance stock units. Each performance-based RSU presents a contingent right to receive one share of Telos common stock. These performance-based RSUs vested and settled in shares of Telos common stock once Telos' common stock traded at or above $6.00 per share for 50 consecutive calendar days on the NASDAQ Global Market. Telos withheld 127,006 shares of its common stock to satisfy the reporting person's tax withholding obligation resulting from the vesting of the performance stock units. The reporting person did not sell any shares of Telos stock to a third party as part of this transaction.