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

Gerard A. Fasano, Chief Growth Officer of Leidos Holdings, Inc., disposed of shares to cover tax obligations related to previously reported restricted stock units.

Summary

• On March 3, 2024, Gerard A. Fasano, Chief Growth Officer of Leidos Holdings, Inc., disposed of 379 shares of common stock at a price of $127.44.
• Following this transaction, Fasano directly owns 89,152.4777 shares of Leidos Holdings, Inc.
• On March 4, 2024, Fasano disposed of 649 shares of common stock at a price of $127.44.
• Following this transaction, Fasano directly owns 88,503.4777 shares of Leidos Holdings, Inc.
• The shares were withheld by the company to satisfy the reporting person's tax obligation associated with previously reported awards of restricted stock units, as authorized in the restricted stock award agreement.

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, tax obligations, or portfolio diversification. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

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

Key Dates