MOREA DONNA S 4
Research Summary
AI-generated summary
SAIC Director Donna Morea Exercises Options, Surrenders Shares
What Happened
- Donna S. Morea, a director of Science Applications International Corp (SAIC), exercised 2,876 option-based derivative shares on 2026-04-07. The exercise is reported at $77.65 per share (aggregate $223,321). To satisfy the exercise price/tax withholding, 2,243 shares were surrendered (reported at $99.57 per share, aggregate ~$223,336). The transaction appears to be a cashless exercise where shares were used to cover costs; net shares retained from this exercise are roughly 633.
Key Details
- Transaction dates: 2026-04-07 (filed 2026-04-08 — timely).
- Exercise detail: 2,876 shares acquired via derivative exercise (code M) at $77.65, total ~$223,321.
- Payment/withholding: 2,243 shares surrendered (code F) at $99.57, total ~$223,336, to cover exercise price/taxes.
- Net result: ~633 shares retained from this exercise (2,876 acquired − 2,243 surrendered).
- Footnote: F1 indicates the awards were fully vested.
- Shares owned after transaction: not explicitly stated in the filing; net increase of ~633 shares from this event.
Context
- This was an option exercise with shares surrendered to cover costs (a routine cashless exercise), not an open-market sale or purchase of shares for cash. Such exercises are common for realizing vested equity and do not by themselves indicate a change in insider sentiment.