Form 4: Leidos Holdings Executive Gerard A. Fasano Reports Changes in Beneficial Ownership

Chief Growth Officer Gerard A. Fasano reports acquisition and disposal of Leidos Holdings, Inc. common stock due to vesting of restricted stock units and tax obligations.

Summary

• On February 6, 2025, Gerard A. Fasano, Chief Growth Officer of Leidos Holdings, Inc., reported changes in beneficial ownership of the company's common stock.
• Fasano acquired 3,391 shares of common stock through the vesting of restricted stock units.
• He also acquired 7,047 shares of common stock.
• Additionally, 2,067 shares were disposed of to satisfy tax obligations related to the settlement of performance shares at a price of $141.29.
• Following these transactions, Fasano beneficially owns 99,126.4459 shares of Leidos Holdings, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the executive's holdings in the company.

Future Outlook

The restricted stock unit award will vest over three annual installments, beginning on March 8, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the financial interests of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and performance shares to incentivize executives and align their interests with shareholders.
• The vesting schedules and tax withholding practices described in the filing are standard across the industry.
• Similar filings can be observed for executives at comparable companies such as Lockheed Martin (LMT) and General Dynamics (GD).

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
• Employees may be indirectly affected as executive compensation structures can influence overall company performance.

Key Dates

Keywords

beneficial ownership, Form 4, Leidos Holdings, LDOS, Gerard A. Fasano, Chief Growth Officer, restricted stock units, performance shares, tax obligations, stock disposal, stock acquisition