Form 4: Leidos Holdings SVP, Controller, Daniel A. Atkinson, Reports Changes in Beneficial Ownership

Daniel A. Atkinson, SVP, Controller of Leidos Holdings, reports changes in beneficial ownership due to tax obligation fulfillment and an administrative error correction.

Summary

• On March 8, 2025, Leidos Holdings withheld 65 shares of common stock from Daniel A. Atkinson to satisfy tax obligations related to previously reported restricted stock units at a price of $139.24 per share.
• An administrative error in a previous Form 4 filed on March 5, 2025, overreported the number of shares withheld by 1 share, which has been corrected in this filing.
• As of March 8, 2025, after the reported transactions, Atkinson beneficially owns 1,680 shares of Leidos Holdings common stock.
• Atkinson was also granted stock options (right to buy) for 1,987 shares at an exercise price of $133.06 on March 7, 2025, which vest in three annual installments starting March 7, 2026, and expire on March 6, 2032.

Sentiment

Score: 7

Explanation: The document is neutral in tone, reporting routine transactions and a correction. The stock option grant is a positive sign for the executive, but overall, the impact is moderate.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but it does detail future vesting dates for stock options.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Leidos, similar to filings made by executives at comparable companies such as Lockheed Martin (LMT) and General Dynamics (GD).
• The vesting schedule of the stock options (33 1/3% over three years) is a common vesting structure in the industry, aligning with typical executive compensation packages.
• The tax withholding process is a standard procedure, ensuring compliance with tax regulations, and is similar to practices followed by other companies in the defense and technology sectors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, promoting transparency.
• The executive's compensation is affected by the stock options and tax obligations.

Key Dates