Form 4: Leidos Holdings Executive Stephen Hull Reports Tax Obligation Share Withholding and Corrects Previous Filing

Stephen Hull, a Sector President at Leidos Holdings, reports the withholding of shares to cover tax obligations and corrects a minor error in a previous SEC filing.

Summary

• On March 5, 2025, Leidos Holdings Sector President Stephen Edward Hull had 217 shares of common stock withheld to cover tax obligations related to previously reported restricted stock units.
• The withholding was executed at a price of $132.22 per share.
• Following the transaction, Hull beneficially owns 30,589.4421 shares of Leidos Holdings common stock.
• An administrative error in a previous Form 4 filing on March 5, 2025, underreported the number of shares withheld by 4 shares, which has been corrected in this filing.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and a minor correction, indicating a neutral to slightly positive sentiment due to transparency and adherence to regulations.

Negatives

• An administrative error led to an underreporting of withheld shares in a previous filing.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related share withholding and a minor correction, which are not unusual events.

Comparison to Industry Standards

• Share withholding for tax obligations is a common practice across publicly traded companies, including Leidos' competitors such as Booz Allen Hamilton (BAH) and General Dynamics (GD).
• The reporting requirements and correction of minor errors are consistent with SEC regulations and industry standards for transparency.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive transactions.
• The correction of the error ensures accurate information is available to stakeholders.

Key Dates