Form 4: Leidos Holdings Executive Reports Stock Transaction and Corrects Previous Filing
SEC Form 4 Filing
Leslie K. Fautsch, Chief Human Resources Officer of Leidos Holdings, reports a stock transaction to cover tax obligations and corrects an underreporting error in a previous filing.
Summary
- On March 5, 2025, Leslie K. Fautsch, Chief Human Resources Officer of Leidos Holdings, Inc., had 45 shares of common stock withheld by the company to satisfy tax obligations related to previously reported restricted stock units at a price of $132.22 per share.
- Following this transaction, Fautsch beneficially owns 7,427 shares of Leidos Holdings, Inc.
- An administrative error in a previous Form 4 filing on March 5, 2025, underreported the number of shares withheld by 16 shares, which has been corrected in this filing.
Sentiment
Score: 7
Explanation: The document is neutral in tone, reporting a routine stock transaction and correcting a minor administrative error. It doesn't indicate any significant positive or negative developments for the company.
Negatives
- An administrative error led to an underreporting of withheld shares in a previous SEC filing.
Risks
- Administrative errors in SEC filings could lead to compliance issues and potential scrutiny.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Leidos Holdings.
- Similar filings are made by executives at companies such as Lockheed Martin, General Dynamics, and Booz Allen Hamilton, reflecting stock-based compensation and ownership changes.
- The reporting requirements and formats are standardized by the SEC to ensure transparency and comparability across companies.
Stakeholder Impact
- The correction of the filing ensures accurate information for shareholders and potential investors.
- The stock transaction itself has a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock transaction (share withholding) and the date of the original Form 4 filing with the underreported amount. |
| 03/07/2025 | Date of the corrected Form 4 filing. |
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