Form 4: Leidos Holdings Executive Roy E. Stevens Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Roy E. Stevens, a Sector President at Leidos Holdings, Inc., reported disposing of shares to cover tax obligations related to previously awarded restricted stock units.
Summary
- On March 3, 2025, Roy E. Stevens, a Sector President at Leidos Holdings, Inc., disposed of 562 shares of common stock at a price of $129.97 to cover tax obligations.
- Following this transaction, Stevens directly owns 51,123 shares of Leidos common stock.
- On March 4, 2025, Stevens disposed of 334 shares of common stock at a price of $129.2 to cover tax obligations.
- Stevens also indirectly owns 1,774.4473 shares through a Key Executive Stock Deferral Plan.
- The disposals were authorized in the restricted stock award agreement.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
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.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation packages in publicly traded companies like Leidos.
- Similar transactions are regularly reported by executives at companies such as Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC).
- The scale of these transactions is typical for executives at this level, and the disclosure is in line with SEC regulations.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Disposal of 562 shares of common stock at $129.97 per share. |
| 03/04/2025 | Disposal of 334 shares of common stock at $129.2 per share. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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