Form 4: Leidos Holdings Director Robert S. Shapard Reports Acquisition of Shares and Stock Options

Director Robert S. Shapard reports acquiring Leidos Holdings common stock and stock options.

Summary

• On May 9, 2025, Robert S. Shapard, a director of Leidos Holdings, Inc., acquired 873 shares of common stock at $0.
• Following the transaction, Shapard directly owns 57,078.08 shares of Leidos Holdings common stock.
• Shapard also indirectly owns 1,609.074 shares through a Key Executive Stock Deferral Plan and 2,500 shares through a Family Limited Partnership.
• Additionally, Shapard acquired 1,030 stock options with an exercise price of $154.71, exercisable starting May 9, 2026, and expiring on May 8, 2032.
• The stock options vest fully on the earlier of the first anniversary of the grant date or the date of the next annual meeting of the stockholders.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider trading activity. The acquisition of shares and options could be seen as a slightly positive signal, but it's not overwhelmingly so.

Positives

• The acquisition of shares and stock options by a director could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's performance.

Comparison to Industry Standards

• Insider trading activity is a common metric used to gauge sentiment towards a company.
• Comparing Shapard's transactions to those of other directors or executives at Leidos or similar companies (e.g., General Dynamics, Lockheed Martin, Northrop Grumman) could provide further context.
• Analyzing the ratio of insider buys to sells across the industry can offer insights into overall market sentiment.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of confidence from a company director.

Key Dates

Keywords

Leidos Holdings, Director, Robert S. Shapard, Stock Options, Common Stock, Acquisition, Beneficial Ownership, Form 4