O'Connor Jason M. 4

What Happened

• Jason M. O'Connor, Sector President at Leidos Holdings (LDOS), was granted 3,914 restricted stock units (RSUs) on 2026-03-06 (code A). The RSUs were granted at $0.00 (typical for RSU awards). To cover tax withholding related to the award, the company withheld 61 shares on 2026-03-07 and 57 shares on 2026-03-08 (code F), disposed at $177.89 per share for total withholding proceeds of $20,991. At the market price used for withholding ($177.89), the full RSU grant had an approximate value of $696,261.

Key Details

• Transaction dates and prices:
  • 2026-03-06: Award of 3,914 RSUs (A) at $0.00.
  • 2026-03-07: 61 shares withheld/disposed (F) at $177.89 → $10,851.
  • 2026-03-08: 57 shares withheld/disposed (F) at $177.89 → $10,140.
• Net RSUs retained upon grant: 3,914 granted − 118 withheld = 3,796 RSUs.
• Footnotes:
  • F1: RSUs vest 33 1/3% annually over three years, beginning March 6, 2027.
  • F2: The 118 shares were withheld by the company to satisfy the reporting person's tax obligation; withholding was authorized in the award agreement.
• Filing: Form 4 filed 2026-03-10 reporting the March transactions (appears timely).

Context

• This was an RSU grant (compensation award), not an open-market purchase or sale—withholding of shares for taxes (code F) is routine and does not necessarily signal a change in the insider’s market view.
• The RSUs vest over three years starting in March 2027, so the shares are not immediately tradable until they vest per the schedule.