Form 4: Leidos Holdings Executive Gerard Fasano Reports Stock Transactions
SEC Form 4
Gerard Fasano, Chief Growth Officer of Leidos Holdings, reports the acquisition and disposal of company stock related to option exercises and tax obligations.
Summary
- On March 8, 2025, Gerard Fasano disposed of 501 shares of Leidos Holdings common stock at a price of $139.24 per share to cover tax obligations.
- On March 10, 2025, Fasano exercised stock options to acquire 2,860 shares of common stock at an exercise price of $129.79 per share.
- Also on March 10, 2025, Fasano disposed of 2,751 shares at $139.24 to cover tax obligations related to the option exercise.
- Following these transactions, Fasano directly owns 98,868.4459 shares of Leidos Holdings common stock and holds options for 5,550 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of Leidos Holdings' executives. It is a standard practice for publicly traded companies to comply with SEC regulations regarding insider trading.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in insider trading activities.
- Companies like Lockheed Martin (LMT) and General Dynamics (GD) also have similar filings when their executives trade company stock.
- The reported transactions are typical for executives who receive stock options and restricted stock units as part of their compensation packages.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine stock trading activities by an executive.
- The disclosure provides transparency to shareholders regarding insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 03/08/2025 | Disposal of 501 shares to cover tax obligations. |
| 03/08/2025 | Date exercisable for stock options. |
| 03/10/2025 | Exercise of stock options for 2,860 shares and disposal of 2,751 shares to cover tax obligations. |
| 03/07/2031 | Expiration date for stock options. |
| 03/11/2025 | Date of signature for the report. |
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