Form 4: Leidos Holdings Chief Growth Officer Gifts Shares, Retains Significant Stake

Leidos Holdings, Inc.'s Chief Growth Officer, Gerard A. Fasano, gifted 500 shares of common stock while retaining a substantial holding of over 90,000 shares in the company.

Summary

• Gerard A. Fasano, the Chief Growth Officer of Leidos Holdings, Inc., gifted 500 shares of the company's common stock on November 12, 2024.
• Following this transaction, Fasano directly owns 90,981.4459 shares of Leidos Holdings.
• The shares were gifted, meaning they were transferred without any monetary exchange.
• This transaction was filed with the United States Securities and Exchange Commission (SEC) on Form 4, which reports changes in beneficial ownership of securities.

Sentiment

Score: 5

Explanation: The document is neutral, simply reporting a standard transaction with no indication of positive or negative sentiment.

Positives

• Fasano's continued ownership of a large number of shares (90,981.4459) demonstrates his ongoing commitment to and confidence in the company.
• The transaction was properly disclosed in a timely manner, adhering to SEC regulations.

Negatives

• The document does not provide any negatives.

Risks

• The document does not provide any risks.

Industry Context

This is a standard SEC Form 4 filing related to insider transactions. It is common for company executives to gift shares for various reasons, including estate planning or charitable donations. This specific transaction does not appear to be related to any broader industry trends.

Comparison to Industry Standards

• This transaction is a routine disclosure under SEC regulations, specifically Section 16(a) of the Securities Exchange Act of 1934, which mandates reporting of changes in beneficial ownership by company insiders.
• Similar filings are made by executives at other publicly traded companies, such as Lockheed Martin (LMT), Northrop Grumman (NOC), and General Dynamics (GD), when they engage in transactions involving their company's stock.
• The gifting of shares is not unusual and is often seen in companies across various sectors. For example executives at companies like Booz Allen Hamilton (BAH) have also reported gifting shares in their respective Form 4 filings.

Stakeholder Impact

• The impact on stakeholders is minimal as this is a relatively small transaction in terms of the number of shares involved.

Key Dates

Keywords

Leidos Holdings, LDOS, SEC Form 4, Stock Gift, Insider Transaction, Beneficial Ownership, Chief Growth Officer, Gerard A. Fasano, Securities Exchange Act of 1934, Section 16(a)