Form 4: Leidos Holdings CFO Christopher Cage Reports Changes in Beneficial Ownership

Christopher Cage, CFO of Leidos Holdings, reports the withholding of shares to cover tax obligations related to restricted stock units.

Summary

• Christopher R. Cage, the Chief Financial Officer of Leidos Holdings, Inc., filed a Form 4 on March 5, 2025, reporting changes in beneficial ownership.
• On March 3, 2025, 783 shares of common stock were disposed of at a price of $129.97 to cover tax obligations.
• On March 4, 2025, 214 shares of common stock were disposed of at a price of $129.2 to cover tax obligations.
• On March 4, 2025, 22 shares of common stock were disposed of at a price of $129.2 related to the Key Executive Stock Deferral Plan.
• On March 4, 2025, 16.5641 shares of common stock were acquired at a price of $0 related to the Key Executive Stock Deferral Plan.
• Following these transactions, Cage directly owns 44,031 shares of common stock and indirectly owns 25,392.0469 shares through the Key Executive Stock Deferral Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 16.5641 shares through the Key Executive Stock Deferral Plan indicates continued participation in the company's equity.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.

Comparison to Industry Standards

• Comparing Cage's transactions to those of other CFOs in similar companies (e.g., Lockheed Martin, General Dynamics) would provide context on the scale and frequency of such transactions.
• Similar stock deferral plans are common among executive compensation packages in the defense and technology sectors.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.

Key Dates