O'Connor Jason M. 4

What Happened

• Jason M. O'Connor, Sector President at Leidos (LDOS), received a settlement of performance shares (award) totaling 1,771 shares on Feb 12, 2026 (reported as an acquisition at $0.00). On the same date, 572 shares were withheld by the company to satisfy the reporting person's tax liability related to that award; those withheld shares are reported as disposed at $173.00 per share for a total value of $98,956.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17.
• Award/acquisition: 1,771 shares @ $0.00 (grant/settlement of performance shares).
• Disposal (tax withholding): 572 shares @ $173.00 = $98,956.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: The 572 shares were withheld by the company to satisfy the reporting person's tax obligation associated with the settlement of performance shares; this withholding was authorized in the performance share award agreement (footnote F1).
• Timeliness: Filed five days after the transaction date; Form 4s are typically due within two business days, so this filing appears later than the standard window.

Context

• This filing reflects the settlement of performance-based equity and an employer-authorized share withholding to cover taxes (a common, administrative disposition), not an open-market sale or purchase intended to signal investment sentiment.
• Because the acquisition was an award (not a cash purchase) and the only shares disposed were withheld for taxes, this action is routine compensation administration rather than a buy or sell decision by the insider.