4//SEC Filing
Bendza Gary Mark 4
Accession 0000320121-24-000072
CIK 0000320121other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:43 PM ET
Size
7.5 KB
Accession
0000320121-24-000072
Insider Transaction Report
Form 4
TELOS CORPTLS
Bendza Gary Mark
EVP, CFO
Transactions
- Award
Performance-Based RSUs
2024-05-28+1,338,489→ 1,338,489 totalExp: 2026-12-31→ Common Stock (1,338,489 underlying)
Holdings
- 4,905.03(indirect: By 401(k))
Common Stock
- 768,489
Common Stock
Footnotes (2)
- [F1]Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. A specified number of performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuers common stock trading at or above a certain market price per share for 50 consecutive calendar days before December 31, 2026, as reported by the NASDAQ Global Market: (a) 243,362 units if trading at or above $6.00 per share; (b) 243,362 units if trading at or above $8 per share; (c) 365,042 units if trading at or above $10 per share; and (d) 486,723 units if trading at or above $12 per share. The reporting person may achieve one or more of these criteria. The Compensation Committee shall determine whether the performance criteria were met. The performance criteria are subject to equitable adjustment by the Compensation Committee in the event of the occurrence of extraordinary or unusual events, including without limitation acquisitions or dispositions.
- [F2]See Footnote1.
Documents
Issuer
TELOS CORP
CIK 0000320121
Entity typeother
Related Parties
1- filerCIK 0001872955
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:43 PM ET
- Size
- 7.5 KB