Form 4: Leidos Holdings Executive Stephen Allen Cook Reports Stock Option Grant

Stephen Allen Cook, a Sector President at Leidos Holdings, reported the acquisition of stock options on March 8, 2024.

Summary

• On March 8, 2024, Stephen Allen Cook, a Sector President at Leidos Holdings, Inc., acquired 5,618 stock options.
• The exercise price of these options is $129.79.
• The options vest in three annual installments starting on March 8, 2025.
• The expiration date for these options is March 7, 2031.
• Following this transaction, Cook directly owns 5,618 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard executive compensation practice that aligns management interests with shareholders.

Positives

• The grant of stock options to a key executive like Stephen Allen Cook aligns his interests with those of the shareholders, incentivizing him to drive company performance.

Industry Context

Stock option grants are a common form of executive compensation in the technology and defense industries, aligning executive incentives with shareholder value.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the defense and technology sectors.
• Companies like Lockheed Martin, Northrop Grumman, and General Dynamics also utilize stock options to incentivize their executives.
• The vesting schedule and exercise price are typical for such grants, designed to reward long-term performance.

Stakeholder Impact

• The stock option grant incentivizes the executive to improve company performance, potentially benefiting shareholders.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates