Form 4: Leidos CFO Christopher Cage Acquires Shares Through Dividend Equivalent Rights

Leidos Holdings, Inc. Chief Financial Officer Christopher R. Cage reported the acquisition of 64.1944 shares of common stock through dividend equivalent rights.

Summary

• Christopher R. Cage, Chief Financial Officer of Leidos Holdings, Inc. (LDOS), acquired 64.1944 shares of common stock.
• The acquisition occurred on June 30, 2025, at a price of $0 per share.
• The shares were acquired as dividend equivalent rights, indicating a non-cash, routine transaction related to existing equity holdings.
• Following this transaction, Mr. Cage beneficially owns 29,288.682 shares indirectly through a Key Executive Stock Deferral Plan.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary acquisition of shares by a key executive through dividend equivalent rights, which is a neutral to slightly positive event as it increases executive alignment with shareholder interests without indicating any specific strategic or financial performance.

Positives

• The acquisition of shares, even through dividend equivalent rights, increases the executive's alignment with shareholder interests.
• The transaction is part of a Key Executive Stock Deferral Plan, suggesting a structured approach to executive compensation and retention.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The filing was signed by Ramune M. Kligys by Power of Attorney for Christopher R. Cage.

Industry Context

Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director stock ownership changes. This specific filing reflects a routine compensation-related acquisition rather than a discretionary market purchase or sale, which is common across industries for executives participating in deferred compensation or stock plans.

Stakeholder Impact

• Shareholders: The acquisition of additional shares by the CFO, even if small and non-discretionary, slightly increases management's direct stake in the company, potentially reinforcing alignment with shareholder interests.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

Leidos Holdings Inc, LDOS, Christopher R. Cage, Chief Financial Officer, SEC Form 4, Insider Transaction, Stock Acquisition, Dividend Equivalent Rights, Executive Compensation, Key Executive Stock Deferral Plan