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 and an acquisition of shares through a stock deferral plan.

Summary

• Christopher Cage, the Chief Financial Officer of Leidos Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 3, 2024, shares were withheld by the company to satisfy Mr. Cage's tax obligations related to previously reported restricted stock units; 218 shares were withheld at a price of $127.44.
• On March 4, 2024, shares were withheld by the company to satisfy Mr. Cage's tax obligations related to previously reported restricted stock units; 813 shares were withheld at a price of $127.44.
• Also on March 3, 2024, 21 shares were withheld at a price of $127.44.
• On March 3, 2024, Mr. Cage acquired 10.9683 shares of common stock through the Key Executive Stock Deferral Plan at a price of $0.
• Following these transactions, Mr. Cage directly owns 35,008 shares and indirectly owns 25,138.1405 shares through the Key Executive Stock Deferral Plan.

Sentiment

Score: 5

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

Positives

• Mr. Cage acquired 10.9683 shares through the Key Executive Stock Deferral Plan, indicating continued investment in the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their ownership stakes. This filing is specific to Leidos Holdings and its CFO.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern the CFO's personal holdings and tax obligations.

Key Dates