Telos Corp (TLS) CEO details stock vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Telos Corp’s Chairman and CEO John B. Wood reported performance-based share vesting and related tax withholding. On February 2, 2026, he acquired 967,256 shares of common stock at $0 upon vesting of performance share units. On the same date, Telos withheld 437,581 shares at $5.53 per share to cover his tax obligations, and no shares were sold to a third party. After these transactions, he directly owned 5,098,713 shares, with additional indirect holdings of 1,402,018 shares through an LLC and 193,970.5 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wood John B
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 967,256 | $0.00 | -- |
| Tax Withholding | Common Stock | 437,581 | $5.53 | $2.42M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,536,294 shares (Direct);
Common Stock — 1,402,018 shares (Indirect, By LLC)
Footnotes (1)
- The reporting person acquired these shares upon the vesting of certain performance share units. Telos withheld 437,581 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.
FAQ
What did Telos Corp (TLS) CEO John B. Wood report in this Form 4?
John B. Wood reported vesting of performance share units and related tax withholding. He acquired 967,256 Telos common shares at $0 and had 437,581 shares withheld at $5.53 to satisfy tax obligations, with no shares sold to a third party.
What indirect Telos Corp (TLS) holdings does John B. Wood report?
He reports two categories of indirect ownership. An LLC holds 1,402,018 Telos common shares, and his 401(k) plan holds 193,970.5 shares. These positions are listed as indirect beneficial ownership, separate from the 5,098,713 shares he owns directly.
What is the significance of transaction codes A and F in this Telos (TLS) Form 4?
Code A represents the acquisition of 967,256 Telos shares at $0 from vesting performance share units. Code F covers 437,581 shares withheld at $5.53 to pay taxes arising from that vesting. The filing clarifies these withheld shares were not sold to outside buyers.
On what date did the reported Telos Corp (TLS) transactions for John B. Wood occur?
Both the acquisition and tax withholding transactions occurred on February 2, 2026. That date applies to the 967,256 Telos shares acquired through performance share unit vesting and the 437,581 shares withheld by Telos to satisfy his associated tax withholding obligation.