Form 4: Leidos Holdings Executive Elizabeth Porter Reports Stock Transaction

Elizabeth Porter, a Sector President at Leidos Holdings, reported a transaction involving the withholding of shares to cover tax obligations related to restricted stock units.

Summary

• On March 5, 2024, Elizabeth Porter, a Sector President at Leidos Holdings, reported a transaction on SEC Form 4.
• The transaction involved the withholding of 410 shares of common stock at a price of $129.52 per share.
• These shares were withheld by the company to satisfy the reporting person's tax obligation associated with previously reported awards of restricted stock units.
• Following the transaction, Porter directly owns 34,960 shares of Leidos Holdings common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. There is nothing inherently positive or negative, but transparency is generally viewed favorably.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of tax obligation fulfillment related to equity compensation.

Comparison to Industry Standards

• Stock transactions and tax withholdings are common practices among executives in publicly traded companies like Leidos Holdings.
• Similar transactions are regularly reported by executives at companies such as Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), reflecting standard compensation and tax management strategies.
• The number of shares withheld and the price per share are typical for executives receiving restricted stock units as part of their compensation packages.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a standard tax withholding process.
• Employees may be interested in the details of executive compensation and stock ownership.

Key Dates