Bell Thomas Arthur 4

What Happened
Thomas (Tom) Bell, CEO and Director of Leidos Holdings, reported receipt of equity awards on Feb 12, 2026. The filing shows two award entries totaling 65,415 shares (21,589 and 43,826) granted at $0.00 (awards). Concurrently, 18,907 shares were withheld/disposed at $173.00 per share to satisfy tax obligations, a withholding valued at $3,270,911.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-17 (timely under the SEC two-business-day rule considering the Feb 16 federal holiday).
• Awards: 21,589 and 43,826 shares granted (total 65,415) at $0.00 (award grant).
• Tax withholding: 18,907 shares withheld/disposed at $173.00/share, total value $3,270,911. Transaction code F (tax withholding).
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnotes: F1 — the RSU award vests in three annual installments beginning March 7, 2026. F2 — the withheld shares were authorized to satisfy the reporting person’s tax obligation on settlement of performance shares.

Context
This was an equity award and routine tax-withholding event, not an open-market sale or purchase. Withholding shares to cover taxes is common when performance shares or RSUs settle and should not be read the same as a discretionary sale of shares for cash. The $173/share figure reflects the per-share value used for the withholding calculation on the settlement date.