Gruensfelder Cindy 4

What Happened

• Cindy Gruensfelder, Sector President at Leidos (LDOS), was granted 4,626 restricted stock units (RSUs) on 2026-03-06 (recorded as an acquisition at $0.00). In connection with prior RSU awards, the company withheld 534 shares on 2026-03-07 and 412 shares on 2026-03-08 to satisfy tax obligations. The withheld shares were disposed of at $177.89 per share, producing total withholding proceeds of $94,993 and $73,291, respectively (combined ≈ $168,284).

Key Details

• Transaction types: A = Award (4,626 RSUs granted on 2026-03-06); F = Tax withholding (534 shares withheld on 2026-03-07; 412 shares withheld on 2026-03-08).
• Prices: Withheld shares recorded at $177.89 per share.
• Withholding totals: 534 shares ($94,993) + 412 shares ($73,291) = 946 shares withheld (~$168,284).
• Vesting: The RSUs vest in three equal annual installments (33 1/3% each), beginning March 6, 2027 (footnote F1).
• Why withheld: The company withheld shares to satisfy the reporting person's tax obligation related to previously reported RSUs, as authorized in the award agreement (footnote F2).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 filed on 2026-03-10 for transactions dated 2026-03-06–03-08; filing appears timely within the SEC two-business-day window.

Context

• This was an RSU grant plus routine company share withholding for taxes—not an open-market sale or purchase. Withholding of shares to cover taxes is common and generally reflects routine administrative fulfillment of tax obligations rather than a discretionary sale by the insider.