LDOS.NYSELeidos Holdings, INC

Form 4: Leidos Holdings Executive Reports Tax-Related Share Withholding and Corrects Previous Filing

Sentiment:

SEC Form 4 Filing

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Gerard A. Fasano, Chief Growth Officer of Leidos Holdings, reports share withholding for tax obligations and corrects an underreporting error in a previous SEC filing.

Summary

  • On March 5, 2025, Leidos Holdings withheld 393 shares of common stock from Gerard A. Fasano to cover his tax obligations related to previously reported restricted stock units.
  • The withholding was authorized in the restricted stock award agreement.
  • A correction was made to a previous Form 4 filing from March 5, 2025, which underreported the number of shares withheld by 8 shares due to an administrative error.
  • The corrected total number of shares beneficially owned following the transaction is 97,856.4459.

Sentiment

Score: 7

Explanation: The document primarily reports routine transactions related to executive compensation and a minor correction. The sentiment is neutral to slightly positive due to the transparency in reporting.

Negatives

  • A previous SEC filing contained an administrative error, requiring a correction.

Industry Context

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

Stakeholder Impact

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

Key Dates

DateDescription
03/05/2025Date of share withholding for tax obligations and the date of the original Form 4 filing with the underreported amount.
03/07/2025Date of signature for the corrected Form 4 filing.

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