Bendza Gary Mark 4

What Happened Gary Mark Bendza, EVP and Chief Financial Officer of Telos Corporation (TLS), received 483,018 shares on Feb 2, 2026 upon the vesting of performance share units (award code A). To satisfy his tax withholding obligation, Telos withheld 219,268 of those shares at $5.53 per share, resulting in shares withheld valued at $1,212,552 (disposition code F). The award shares were issued at $0.00 acquisition price.

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04).
• Award: 483,018 shares issued upon vesting (A) at $0.00 acquisition price.
• Tax withholding: 219,268 shares withheld at $5.53 each, totaling $1,212,552 (F). The reporting person did not sell shares to a third party.
• Shares owned after the transaction: Not specified in the provided excerpt of the Form 4.
• Filing timeliness: Form 4 filed two days after the transaction date (appears timely under SEC rules).

Context This was a vesting of performance stock units (not an open-market purchase or discretionary sale). The withholding of shares to cover taxes is a common administrative step (a non-market sale to the company), and does not necessarily signal a change in the insider’s view of the stock.