Form 4: Leidos Holdings EVP James F. Carlini Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
James F. Carlini, EVP and Chief Technology Officer of Leidos Holdings, Inc., reported disposing of shares to cover tax obligations related to previously awarded restricted stock units.
Summary
- On March 3, 2025, James F. Carlini disposed of 492 shares of Leidos Holdings, Inc. common stock at a price of $129.97.
- On March 4, 2025, Carlini disposed of an additional 276 shares at $129.2.
- These disposals were to satisfy tax obligations associated with previously reported awards of restricted stock units.
- Following these transactions, Carlini beneficially owns 24,048 shares of Leidos Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time.
- The disposal of shares to cover tax obligations upon vesting is a common practice among executives at publicly traded companies.
- Similar transactions are regularly reported by executives at companies like Lockheed Martin, General Dynamics, and Northrop Grumman.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they are related to tax obligations and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Disposal of 492 shares of common stock at $129.97. |
| 03/04/2025 | Disposal of 276 shares of common stock at $129.2. |
| 03/05/2025 | Date of signature for the report. |
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