Form 4: Leidos Holdings Executive Sells Shares to Cover Tax Obligations

A Leidos Holdings executive, Mary Vicki Schmanske, sold 100 shares of common stock to cover tax obligations related to previous restricted stock unit awards.

Summary

• Mary Vicki Schmanske, a Sector President at Leidos Holdings, Inc., sold 100 shares of common stock on November 15, 2024.
• The sale was executed at a price of $167.96 per share.
• This transaction was to cover tax obligations associated with previously awarded restricted stock units.
• Following the transaction, Ms. Schmanske directly owns 56,724 shares of Leidos common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It is common for executives to sell shares to cover these obligations.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 100 shares is a relatively small transaction and is not unusual for executives managing their personal finances and tax liabilities.
• Similar transactions are regularly reported by executives at comparable companies in the technology and defense sectors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Leidos Holdings, insider trading, stock sale, executive, tax obligations, restricted stock units, LDOS