Form 4: Leidos Holdings Executive James F. Carlini Reports Share Withholding for Tax Obligations and Corrects Previous Filing

James F. Carlini, EVP and Chief Technology Officer of Leidos Holdings, reports share withholding to cover tax obligations and corrects an underreporting error in a previous SEC filing.

Summary

• On March 5, 2025, Leidos Holdings withheld 277 shares of common stock from James F. Carlini, EVP and Chief Technology Officer, to satisfy tax obligations related to previously reported restricted stock units.
• The withholding was authorized in the restricted stock award agreement.
• Carlini's Form 4 filed on March 5, 2025, underreported the number of shares of common stock withheld by 8 shares due to an administrative error.
• The corrected total number of shares beneficially owned following the transactions reported on the March 5, 2025, Form 4 is 23,763.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation and a minor correction. The sentiment is neutral to slightly positive due to the transparency of the disclosure and correction.

Negatives

• A previous Form 4 filing on March 5, 2025, contained an administrative error underreporting the number of shares withheld by 8 shares.

Industry Context

This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The correction of the administrative error ensures accurate information for shareholders.

Key Dates