Form 4: Leidos Holdings Executive Acquires Stock Options, Disposes of Shares for Tax Obligations

James F. Carlini, EVP and Chief Technology Officer of Leidos Holdings, acquired stock options and disposed of shares to cover tax obligations related to restricted stock units.

Summary

• On March 8, 2025, James F. Carlini, EVP and Chief Technology Officer of Leidos Holdings, disposed of 459 shares of common stock at a price of $139.24 per share to satisfy tax obligations.
• This disposal was related to previously reported awards of restricted stock units and was authorized in the restricted stock award agreement.
• Following the transaction, Carlini directly owns 23,304 shares of Leidos Holdings.
• On March 7, 2025, Carlini acquired 7,842 stock options with an exercise price of $133.06.
• These options vest in three annual installments starting March 7, 2026, and expire on March 6, 2032.
• After the transaction, Carlini directly owns 7,842 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.

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 executives regarding their holdings of company stock and options.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedule of the options (33 1/3% over three years) is a standard practice in the industry.
• Companies like Lockheed Martin (LMT) and General Dynamics (GD) also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates