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KRATOS DEFENSE & SECURITY SOLUTIONS, INC.·4

Mar 6, 6:09 PM ET

Cervantes de Burgreen Maria 4

Research Summary

AI-generated summary

Updated

Kratos (KTOS) VP Maria Cervantes de Burgreen Receives 12,500-Share Award

What Happened
Maria Cervantes de Burgreen, VP & Corporate Controller of Kratos Defense & Security Solutions (KTOS), had three Performance Restricted Stock Unit (PRSU) awards settle on March 4, 2026. She was issued a total of 12,500 shares (4,166 + 4,167 + 4,167) at $0.00 acquisition price (award settlement). To satisfy tax withholding obligations, 2,247, 2,248 and 2,248 shares (total 6,743 shares) were withheld/disposed at $89.13 per share, generating proceeds of about $601,003. Net to her after withholding: 5,757 shares (worth roughly $513,122 at $89.13).

Key Details

  • Transaction dates: March 4, 2026 (reported on Form 4 filed March 6, 2026) — filing appears timely.
  • Awards settled (Code A): 4,166; 4,167; 4,167 shares (total 12,500) — acquisition price reported $0.00 (PRSU settlement).
  • Tax withholding (Code F): 2,247; 2,248; 2,248 shares withheld/disposed at $89.13 each — total proceeds reported $200,275; $200,364; $200,364 (combined $601,003).
  • Net change: +5,757 shares retained by insider after withholding (12,500 awarded − 6,743 withheld).
  • Holdings note: filing states holdings include 6,475 shares from the Employee Stock Purchase Plan and ~6,754 shares held through the company 401(k) plan (no total post-transaction beneficial ownership is specified in the provided summary).
  • Footnotes: awards are PRSUs granted Jan 3, 2022; Jan 4, 2024; and Jan 3, 2025. Withholding was done via net share settlement to meet tax liability (routine, per issuer policy).
  • Transaction codes explained: A = award/acquisition (settlement); F = shares withheld/disposed to satisfy tax liability.

Context

  • This was a settlement of performance RSUs with tax withholding (a common administrative step), not an open-market sale. Withholding (cashless net settlement) reduces the number of shares the insider actually receives and is standard practice when restricted awards vest.
  • Such award settlements and tax-withholding transactions are routine and do not on their own indicate the insider is buying or selling for investment reasons. Purchases would be a stronger bullish signal.