Telos (TLS) CFO Bendza granted restricted stock and 185,216 performance RSUs
Rhea-AI Filing Summary
Bendza Gary Mark reported acquisition or exercise transactions in this Form 4 filing.
TELOS CORP EVP and CFO Gary Mark Bendza reported new equity awards and updated his holdings. He received a grant of 123,477 shares of common stock as restricted share units at a price of $0.00 per share, increasing his direct common stock holdings to 987,008 shares.
He was also granted 185,216 performance-based restricted stock units, each representing a contingent right to one share of common stock, with these units vesting based on Total Shareholder Return performance during the period from June 1, 2026 through May 31, 2029. In addition, he reported 10,721.580 shares of common stock held indirectly through a 401k plan.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 123,477 shares
Net Buy
3 txns
Insider
Bendza Gary Mark
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based RSUs | 185,216 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 123,477 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based RSUs — 185,216 shares (Direct);
Common Stock — 987,008 shares (Direct);
Common Stock — 10,721.58 shares (Indirect, By 401k plan)
Footnotes (2)
- F1. These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) one-third will vest on May 26, 2027; (2) one-third will vest on May 26, 2028; and (3) one-third will vest on May 26, 2029.
- F2. Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. The performance-based RSUs vest upon the Issuer's common stock achieving a certain Total Shareholder Return relative to certain of the Issuer's peers during the performance period of June 1, 2026 through May 31, 2029.
Key Figures
Restricted share unit grant: 123,477 shares at $0.00
Performance-based RSU grant: 185,216 RSUs
Direct common stock holdings: 987,008 shares
+4 more
7 metrics
Restricted share unit grant
123,477 shares at $0.00
Common stock RSUs granted on May 26, 2026
Performance-based RSU grant
185,216 RSUs
Contingent on TSR performance through May 31, 2029
Direct common stock holdings
987,008 shares
Common stock held directly after transactions
401k plan holdings
10,721.580 shares
Common stock held indirectly via 401k plan
Performance period
June 1, 2026 to May 31, 2029
TSR performance window for performance-based RSUs
RSU vesting dates
May 26, 2027/2028/2029
One-third of time-based RSUs vest each date
Performance RSU expiration
May 31, 2029
Expiration date of performance-based RSUs
Key Terms
restricted share units, Performance-Based RSUs, Total Shareholder Return, 401k plan
4 terms
Performance-Based RSUs financial
"Each performance-based RSU presents a contingent right to receive one share of Issuer common stock"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
401k plan financial
"direct_or_indirect": "I", "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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did TLS EVP and CFO Gary Bendza receive?
Gary Bendza received 123,477 restricted share units of TELOS CORP common stock at $0.00 per share, plus 185,216 performance-based RSUs. These awards increase his equity exposure and are subject to specified vesting and performance conditions over several future years.
What conditions apply to TLS performance-based RSUs granted to Gary Bendza?
Each performance-based RSU represents a contingent right to one TELOS CORP common share. These units vest only if the company’s common stock achieves a specified Total Shareholder Return relative to peers during the performance period from June 1, 2026 through May 31, 2029.
Are the TELOS CORP awards to Gary Bendza open-market purchases or compensation grants?
The reported acquisitions are compensation-related grants, not open-market purchases. They are coded as awards of restricted share units and performance-based RSUs at $0.00 per share, granted under award agreements rather than bought on the stock market.
How long do Gary Bendza’s performance-based RSUs on TLS stock remain outstanding?
The performance-based RSUs have an expiration date of May 31, 2029. They may vest earlier if Total Shareholder Return conditions are met during the June 1, 2026 to May 31, 2029 performance period; otherwise, they expire unvested after that date.