Form 4: Leidos Holdings Executive Reports Stock Disposals to Cover Tax Obligations

Mary Vicki Schmanske, a Sector President at Leidos Holdings, reported disposing of shares to cover tax obligations related to previously awarded restricted stock units.

Summary

• On March 3, 2024, Mary Vicki Schmanske, a Sector President at Leidos Holdings, disposed of 305 shares of common stock at a price of $127.44.
• On March 4, 2024, Ms. Schmanske disposed of an additional 563 shares of common stock, also at $127.44.
• These disposals were made to satisfy the reporting person's tax obligations associated with previously reported awards of restricted stock units.
• Following these transactions, Ms. Schmanske beneficially owns 57,557 shares of Leidos Holdings common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates