Stevens Roy E 4

What Happened

• Roy E. Stevens, Sector President at Leidos Holdings (LDOS), was granted 4,555 restricted stock units (RSUs) on 2026-03-06 (reported as an "A" award). To satisfy tax obligations tied to previously reported RSU awards, the company withheld 518 shares on 2026-03-07 ($177.89/share, $92,147) and 499 shares on 2026-03-08 ($177.89/share, $88,767). The withheld shares were disposed (reported with code "F") rather than sold on the open market—this is a tax-withholding action, not a signal of a discretionary sale.

Key Details

• Grant: 4,555 RSUs granted on 2026-03-06 at $0.00 (award).
• Withholding disposals: 518 shares on 2026-03-07 and 499 shares on 2026-03-08, each at $177.89 (total withheld shares = 1,017; total value ≈ $180,914).
• Vesting: The RSUs vest one-third (33 1/3%) annually over three years, beginning March 6, 2027 (footnote F1).
• Withholding authorized: Shares were withheld by the company to satisfy the reporting person’s tax obligation per the award agreement (footnote F2).
• Shares owned after transaction: Not stated in the Form 4.
• Filing timeliness: Form 4 was filed 2026-03-10 reporting transactions through 2026-03-08; this appears to be timely (filed within the usual 2-business-day window).

Context

• These transactions reflect an equity award and routine company tax withholding (code "F"), not an open-market sale. Withheld/disposed shares are commonly used to cover tax liabilities on vesting and do not necessarily indicate insider sentiment about the stock.
• For retail investors: purchases or open-market buys by insiders are often more informative than withholding actions. Here, the primary event is an RSU grant with standard withholding to satisfy taxes.