Form 4: Leidos Holdings Director Exercises Stock Options, Sells Shares to Cover Costs

Robert S. Shapard, a director at Leidos Holdings, exercised stock options and sold a portion of the acquired shares to cover the exercise price and associated fees.

Summary

• On February 25, 2025, Robert S. Shapard, a director of Leidos Holdings, Inc., exercised stock options to acquire 4,070 shares of common stock at a price of $63.08 per share.
• Simultaneously, Shapard disposed of 2,002 shares to cover the exercise price and associated fees, with the shares being withheld by the issuer at a price of $128.3.
• Following these transactions, Shapard directly owns 56,205.08 shares of Leidos Holdings common stock.
• Additionally, Shapard indirectly owns 1,604.3442 shares through a Key Executive Stock Deferral Plan and 2,500 shares through a Family Limited Partnership.
• Shapard also owns options to buy 4,070 shares of common stock, which were granted on April 26, 2019, and are exercisable until May 10, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock option exercises and share sales, indicating a neutral sentiment.

Industry Context

This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The details provided are consistent with SEC requirements for reporting changes in beneficial ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine insider transaction.

Key Dates