Form 4: Leidos Holdings Executive Acquires Stock Options

Cindy Gruensfelder, Sector President at Leidos Holdings, acquired 8,814 stock options on March 8, 2024, exercisable starting March 8, 2025.

Summary

• Cindy Gruensfelder, a Sector President at Leidos Holdings, filed a Form 4 on March 12, 2024, reporting a transaction.
• On March 8, 2024, Gruensfelder acquired 8,814 stock options with an exercise price of $129.79.
• These options vest in three annual installments starting March 8, 2025, and expire on March 7, 2031.
• Following the transaction, Gruensfelder directly owns 8,814 derivative securities (stock options).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a high-ranking executive has been granted stock options, which is a common form of executive compensation.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in publicly traded companies like Leidos Holdings.
• Companies such as Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC) also utilize stock options as part of their executive compensation plans.
• The vesting schedule of three annual installments is a typical vesting structure.
• The specific number of options granted and the exercise price would need to be compared against industry benchmarks and Leidos's historical practices to determine if they are in line with expectations.

Stakeholder Impact

• The granting of stock options aligns the executive's interests with those of the shareholders, as the value of the options is tied to the company's stock performance.

Key Dates