EVP of TELOS CORP just picked up 83,971 shares

Jefferson V. Wright, EVP of TELOS CORP, recently acquired 83,971 shares of the company. The buys took place at $0.00 per share, on January 28, 2021. Wright now owns 1,076,214 shares of the company. Wright operates out of Ashburn, VA. Some additional info was provided as follows:


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) 30% will vest on January 21, 2022, (2) 30% will vest on January 20, 2023, and (3) 40% will vest on January 19, 2024.
These shares of common stock represent restricted share units granted pur suant 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) 50% will vest on January 21, 2022, and (2) 50% will vest on January 20, 2023.
The shares are held by the 2020 Denise Wright Family Irrevocable Trust, and the reporting person is the trustee and sole beneficiary. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or otherwise.
The shares are held by in a trust for the benefit of the reporting person's spouse. The reporting person's spouse is the trustee. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or otherwise.
Each performance-based RSU represents a contingent right to receive one share of Issuer common stock. The performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuer's common stock (a) trading at or above a market price of $42.50 per share as reported by the NASDAQ Global Market for 20 of 30 consecutive trading days before December 31, 2023, or (b) having a weighted average market price of $42.50 per share as reported by the NASDAQ Global Market over any 30 consecutive trading days before December 31, 2023.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Additional definitive proxy soliciting materials and Rule 14(a)(12) material - April 15, 2021
Other definitive proxy statements - April 15, 2021
Major owner of TELOS CORP just declared owning 12,540,437 shares of TELOS CORP - April 8, 2021
Major owner of TELOS CORP just disposed of 2,000,000 shares - April 8, 2021
Major owner of TELOS CORP just declared ownership of no shares of TELOS CORP - April 7, 2021

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