Cage Christopher R 4

What Happened

• Christopher R. Cage, Chief Financial Officer of Leidos Holdings (LDOS), received equity awards and had shares withheld to satisfy tax obligations. The filing shows two grants totaling 15,342 restricted stock units (RSUs) — 8,369 RSUs on Mar 6, 2026 and 6,973 RSUs on Mar 7, 2026 (grants recorded at $0.00). Concurrently, 1,052 shares were disposed via company withholding to cover taxes: 343 and 33 shares on Mar 7, and 676 shares on Mar 8, each withheld at $177.89, totaling $187,140. These disposals reflect tax withholding (code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-03-06: Award of 8,369 RSUs @ $0.00.
  • 2026-03-07: Award of 6,973 RSUs @ $0.00.
  • 2026-03-07: 343 shares withheld @ $177.89 = $61,016 (tax withholding).
  • 2026-03-07: 33 shares withheld @ $177.89 = $5,870 (tax withholding).
  • 2026-03-08: 676 shares withheld @ $177.89 = $120,254 (tax withholding).
• Shares owned after these transactions: not specified in the provided filing details.
• Footnotes:
  • F1: RSUs vest 33 1/3% annually over three years, starting March 6, 2027.
  • F2: Withheld shares were authorized under the RSU award agreement to satisfy tax withholding.
  • F3: Awards include dividend equivalent rights.
• Filing: Form 4 filed Mar 10, 2026 reporting transactions from Mar 6–8; insiders are generally required to file promptly (within two business days) — confirm timeliness if compliance timing is a concern.

Context

• These entries are primarily awards (acquisitions of RSUs) and routine tax-related withholding (dispositions). The withheld shares were used to cover the reporting person's tax liability and do not necessarily indicate a discretionary sale of stock. The RSUs vest over time, so the economic benefit (and potential sale) is delayed and contingent on vesting.