Form 4: Leidos Holdings Executive Elizabeth Porter Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Elizabeth Porter, a Sector President at Leidos Holdings, reported the withholding of 410 shares of common stock to cover tax obligations related to previously awarded restricted stock units.
Summary
- On March 5, 2025, Elizabeth Porter, a Sector President at Leidos Holdings, Inc., had 410 shares of common stock withheld by the company to satisfy tax obligations.
- These obligations were associated with previously reported awards of restricted stock units.
- The withholding was authorized in the restricted stock award agreement.
- Following the transaction, Porter directly owns 41,423 shares of Leidos Holdings, Inc.
- An administrative error in a previous filing on March 5, 2025, underreported the number of shares withheld by 9 shares, which has been corrected in this filing.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to tax obligations, so it's neutral to slightly positive as it reflects standard compensation practices.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard process of share withholding to cover tax obligations associated with equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of the share withholding transaction and date of the original Form 4 filing with an administrative error. |
| 03/07/2025 | Date of the corrected Form 4 filing. |
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