Porter Elizabeth A 4

What Happened Elizabeth A. Porter, a Sector President at Leidos (LDOS), was granted two awards on 2026-02-12 totaling 13,698 shares (3,552 and 10,146 shares; both recorded as acquisitions at $0.00). On the same date 4,250 shares were disposed of via company withholding to cover her tax obligation at an effective value of $173.00 per share (total ~$735,250). The acquisition entries are awards (not open-market purchases), and the disposed shares represent tax withholding, not an institutional sale.

Key Details

• Transaction date: 2026-02-12 (filed with the SEC on 2026-02-17).
• Grants: 3,552 shares @ $0.00 and 10,146 shares @ $0.00 (awarded).
• Tax withholding: 4,250 shares disposed @ $173.00 = $735,250 (code F — payment of tax liability).
• Vesting/footnotes: The 3,552-share restricted stock unit award vests over three annual installments beginning March 7, 2026 (F1). The 4,250-share withholding was authorized to satisfy tax obligations from the settlement of performance shares (F2).
• Shares owned after the transaction: Not specified in the filing.
• Filing timeliness: Transaction dated Feb 12, filed Feb 17 — outside the typical two-business-day Form 4 window (appears to be filed one business day late).

Context These entries are compensatory awards and related tax withholding. Awards (RSUs/performance shares) increase potential future ownership subject to vesting and performance conditions; the withheld shares were surrendered to the company to cover taxes and do not represent an open-market sale. For retail investors, award grants are routine executive compensation and should be interpreted differently than cash purchases or discretionary sales.