4//SEC Filing
Wood John B 4
Accession 0000320121-24-000073
CIK 0000320121other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:43 PM ET
Size
8.2 KB
Accession
0000320121-24-000073
Insider Transaction Report
Form 4
TELOS CORPTLS
Wood John B
DirectorPresident and CEO10% Owner
Transactions
- Award
Performance-Based RSUs
2024-05-28+3,635,089→ 3,635,089 totalExp: 2026-12-31→ Common Stock (3,635,089 underlying)
Holdings
- 189,906.88(indirect: By 401(k))
Common Stock
- 4,868,281
Common Stock
- 772,485(indirect: By LLC)
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) 660,925 units if trading at or above $6.00 per share; (b) 660,925 units if trading at or above $8 per share; (c) 991,388 units if trading at or above $10 per share; and (d) 1,321,851 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 Footnote 1.
Documents
Issuer
TELOS CORP
CIK 0000320121
Entity typeother
Related Parties
1- filerCIK 0001356849
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:43 PM ET
- Size
- 8.2 KB