Stevens Roy E 4

What Happened

• Roy E. Stevens, Sector President at Leidos (LDOS), received awards totaling 13,244 restricted stock units (RSUs) on 2026-02-12 (3,439 and 9,805 shares; grant entries priced at $0.00). On the same date 3,590 shares were withheld (disposed) to satisfy the related tax obligation at $173.00 per share, a withholding value of $621,070.
• This transaction is an award/grant with a routine tax withholding — not an open-market sale. Awards are typically compensation, not a direct bullish/pessimistic signal about the stock.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed five days after the transaction; this exceeds the SEC’s usual 2-business-day reporting window and appears late).
• Award entries: 3,439 RSUs and 9,805 RSUs granted @ $0.00.
• Withholding (tax disposition): 3,590 shares @ $173.00 = $621,070 withheld/disposed (code F).
• Shares owned after the reported transactions: not disclosed in the provided filing excerpt.
• Footnotes from the filing:
  • F1: The RSU award vests over three annual installments beginning March 7, 2026.
  • F2: The 3,590 shares were withheld by the company to satisfy the reporting person’s tax obligation related to settlement of performance shares; withholding was authorized in the award agreement.
• Transaction codes: A = Award/Grant, F = Tax withholding/tax-related disposition.

Context

• These were compensation awards (RSUs/performance-share settlement). The withheld shares were used to cover taxes (a cashless withholding), not sold on the open market — a common administrative step when awards vest.
• For retail investors, award grants increase insider exposure to the company over time as they vest; tax-withholding disposals do not necessarily reflect the insider’s view on the stock.