Telos (TLS) CFO reports 98,019-share tax withholding, holds 863,531 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Telos Corp EVP and CFO Gary Mark Bendza reported a routine tax-related share withholding. On a Form 4, the company withheld 98,019 shares of common stock at $4.20 per share to cover his tax obligation from vesting restricted stock units. He did not sell any shares to a third party. After this disposition, he holds 863,531 shares directly and 10,721.58 shares indirectly through a 401k plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bendza Gary Mark
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 98,019 | $4.20 | $412K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 863,531 shares (Direct, null);
Common Stock — 10,721.58 shares (Indirect, By 401k plan)
Footnotes (1)
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Key Figures
Tax withholding shares: 98,019 shares
Withholding price: $4.20 per share
Direct holdings after transaction: 863,531 shares
+1 more
4 metrics
Tax withholding shares
98,019 shares
Shares withheld to satisfy tax obligation from RSU vesting
Withholding price
$4.20 per share
Value used for 98,019 withheld common shares
Direct holdings after transaction
863,531 shares
Common stock directly owned by CFO after withholding
Indirect 401k holdings
10,721.58 shares
Common stock held indirectly via 401k plan
Key Terms
restricted stock units, tax withholding obligation, 401k plan, Form 4
4 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
"total_shares_following_transaction 10721.5800 ... 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Telos (TLS) report for EVP CFO Gary Bendza?
Telos reported a tax-related share withholding for CFO Gary Bendza. The company withheld 98,019 shares of common stock to satisfy his tax obligation from vesting restricted stock units, with no shares sold to any third party as part of this transaction.
What does transaction code F mean in the Telos (TLS) Form 4 filing?
Transaction code F reflects shares withheld for tax or exercise costs. In this case, Telos used 98,019 common shares to satisfy the CFO’s tax withholding obligation related to vesting restricted stock units, rather than an open-market sale of those shares.