Cooke Malcolm G. 4
Research Summary
AI-generated summary
Telos (TLS) VP Malcolm Cooke Receives Award; Shares Withheld for Taxes
What Happened
Malcolm G. Cooke, Vice President and Chief Information Technology Officer at Telos Corp (TLS), had 42,811 restricted stock units (RSUs) recorded as an award/vesting on March 18, 2026. To cover the resulting tax withholding, Telos withheld 13,069 of those shares on March 19, 2026, at a withholding valuation of $4.27 per share, totaling $55,805. The filing shows the award acquisition at $0.00 (typical for vested RSUs) and the withholding reported as a disposition of shares to satisfy taxes; no open-market sale to a third party occurred.
Key Details
- Award (A): 42,811 shares vested on 2026-03-18 (acquisition price reported as $0.00).
- Tax withholding (F): 13,069 shares withheld on 2026-03-19 at $4.27/share = $55,805.
- Reporting/filing: Form 4 filed 2026-03-20 for the 2026-03-18 event (appears timely).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: Telos withheld shares to satisfy the reporting person's tax withholding obligation; no shares were sold to a third party as part of this transaction.
Context
This was an equity compensation vesting (RSUs) with a routine company tax-withholding action, not an open-market sale or a purchased stake. Such award vestings are common as part of executive compensation and do not by themselves indicate a buy or sell signal from the insider. The withholding is a cashless method companies use to satisfy tax obligations on vested equity.