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Insider Trading Arrangements - shares
3 Months Ended
Sep. 30, 2024
May 15, 2025
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement

Except as described below, none of the directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) of the Company adopted or terminated any Rule 10b5-1 trading arrangement or any non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K) during the period covered by this Report.

On August 27, 2024, Richard G. Thornberry, our Chief Executive Officer, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and the Company’s policies regarding transactions in Company securities. Under the trading plan, Mr. Thornberry may sell up to a maximum aggregate number of 240,000 shares of the Company’s common stock, with sales occurring at prevailing market prices (subject to a price threshold) on set dates through the expiration of the plan on November 26, 2025, or the earlier completion of all sales under the plan. As of September 30, 2024, Mr. Thornberry beneficially owned (as determined in accordance with Section 16 of the Exchange Act of 1934) 929,452 shares of the Company’s common stock (“Directly Held Shares”) and also is entitled to receive 271,999 shares (prior to tax withholding upon distribution) on May 15, 2025, upon the completion of a one-year, post-vest holding period on performance-based RSUs (“Vested PSU Shares”). As of September 30, 2024, the value of Mr. Thornberry’s Directly Held Shares and Vested PSU Shares together equaled approximately 42 times his base salary.

 
Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Richard G. Thornberry    
Trading Arrangements, by Individual    
Name Richard G. Thornberry  
Title Chief Executive Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date August 27, 2024  
Expiration Date November 26, 2025,  
Arrangement Duration 457 days  
Aggregate Available 240,000  
Performance-based RSUs | Richard G. Thornberry    
Trading Arrangements, by Individual    
Arrangement Duration 1 year  
Aggregate Available 929,452 271,999