TELOS CORP (NYSE: TLS) CEO John Wood granted RSUs and 544,101 performance-based units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wood John B reported acquisition or exercise transactions in this Form 4 filing.
TELOS CORP Chairman and CEO John B. Wood reported new equity awards. He received 362,734 restricted share units that will vest in three equal installments on May 26, 2027, May 26, 2028, and May 26, 2029. He also received 544,101 performance-based RSUs tied to the company’s Total Shareholder Return versus peers over the period from June 1, 2026 through May 31, 2029. Following these awards, he directly holds 5,578,962 shares of common stock, with additional indirect holdings through a 401(k) plan and an LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wood John B
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based RSUs | 544,101 | $0.00 | -- |
| Grant/Award | Common Stock | 362,734 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-Based RSUs — 544,101 shares (Direct, null);
Common Stock — 5,578,962 shares (Direct, null);
Common Stock — 1,402,018 shares (Indirect, By LLC)
Footnotes (1)
- These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) one-third will vest on May 26, 2027; (2) one-third will vest on May 26, 2028; and (3) one-third will vest on May 26, 2029. Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. The performance-based RSUs vest upon the Issuer's common stock achieving a certain Total Shareholder Return relative to certain of the Issuer's peers during the performance period of June 1, 2026 through May 31, 2029.
Key Figures
Restricted share units granted: 362,734 units
Performance-based RSUs granted: 544,101 units
Direct common stock holdings: 5,578,962 shares
+4 more
7 metrics
Restricted share units granted
362,734 units
Time-based RSUs granted on May 26, 2026
Performance-based RSUs granted
544,101 units
Contingent on relative Total Shareholder Return, 2026-2029
Direct common stock holdings
5,578,962 shares
Shares of TELOS CORP common stock after reported awards
Indirect 401(k) holdings
196,893.3900 shares
Common stock held indirectly via 401(k) plan
Indirect LLC holdings
1,402,018.0000 shares
Common stock held indirectly via LLC
RSU vesting dates
May 26, 2027/2028/2029
Three equal RSU installments over three years
Performance period for RSUs
June 1, 2026–May 31, 2029
Measurement window for Total Shareholder Return condition
Key Terms
restricted share units, performance-based RSU, Total Shareholder Return, 401(k) plan, +1 more
5 terms
performance-based RSU financial
"Each performance-based RSU presents a contingent right to receive one share of Issuer common stock"
Performance-based RSUs are promises to deliver company stock to employees only if the firm or the individual meets preset financial or operational targets; they convert into actual shares when those goals are achieved. For investors, they matter because they link pay to results—shaping management incentives, affecting future share count and earnings reports, and signaling how confident leadership is about hitting measurable milestones (think of a bonus that only pays out if sales or profit goals are reached).
401(k) plan financial
"total_shares_following_transaction ... nature_of_ownership: By 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
LLC financial
"total_shares_following_transaction ... nature_of_ownership: By LLC"
A limited liability company (LLC) is a legal business structure that shields owners’ personal assets from the company’s debts and legal claims while letting the business operate with flexible management rules. For investors, an LLC matters because it changes how risk, taxes and ownership transfers work—profits often flow through to owners’ personal tax returns and liability is typically limited, so investing in an LLC is like putting a financial firewall between your personal finances and the business.
FAQ
What did TLS Chairman and CEO John B. Wood receive in this Form 4?
John B. Wood received new stock-based awards. He was granted 362,734 restricted share units and 544,101 performance-based RSUs, both relating to TELOS CORP common stock, as part of his equity compensation on May 26, 2026.
What performance conditions apply to John B. Wood’s 544,101 performance-based RSUs at TLS?
The 544,101 performance-based RSUs depend on stock performance. Each unit represents a contingent right to one share of common stock, vesting based on TELOS CORP’s Total Shareholder Return relative to selected peers during June 1, 2026 through May 31, 2029.
What are John B. Wood’s direct common stock holdings in TLS after these awards?
After these awards, John B. Wood directly owns 5,578,962 shares. This figure reflects his direct ownership of TELOS CORP common stock reported in the filing, separate from additional indirect holdings through other vehicles.
Do the new TLS RSU awards to John B. Wood involve cash transactions?
No cash price per share is shown for the RSU grants. Both the 362,734 restricted share units and the 544,101 performance-based RSUs are recorded at a transaction price of $0.0000 per share, indicating equity compensation rather than open-market purchases.