STOCK TITAN

Leidos (NYSE: LDOS) director Shapard gains dividend-equivalent shares, updates holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Leidos Holdings director Robert S. Shapard reported a small compensation-related equity accrual. On March 31, 2026, an indirect account under the Key Executive Stock Deferral Plan acquired 4.5191 shares of common stock as dividend equivalent rights, a non-cash award.

Following this grant, Shapard’s indirect holdings included 1,624.9954 shares in the Key Executive Stock Deferral Plan and 2,500 shares through a Family Limited Partnership, alongside 58,960.0800 shares held directly. No open‑market buys or sells were reported.

Positive

  • None.

Negative

  • None.

Insights

Routine dividend-equivalent grant with no open-market trading.

This filing shows a small non-cash equity accrual to an indirect account for Robert S. Shapard, labeled as dividend equivalent rights. The 4.5191-share grant reflects plan mechanics rather than an active buy or sell decision.

The filing also updates total positions: indirect plan and partnership holdings plus 58,960.0800 shares held directly. With no sales or purchases coded as open-market trades, this appears to be routine compensation administration, not a thesis-changing insider signal.

Insider SHAPARD ROBERT S
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 4.519 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,624.995 shares (Indirect, by Key Executive Stock Deferral Plan); Common Stock — 58,960.08 shares (Direct)
Footnotes (1)
  1. [object Object]
Dividend-equivalent grant 4.5191 shares Grant of common stock as dividend equivalent rights on March 31, 2026
Indirect plan holdings 1,624.9954 shares Common stock held via Key Executive Stock Deferral Plan after transaction
Family partnership holdings 2,500.0000 shares Common stock held indirectly by Family Limited Partnership after transaction
Direct holdings 58,960.0800 shares Common stock held directly by reporting person after transaction
Dividend equivalent rights financial
"Dividend equivalent rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Key Executive Stock Deferral Plan financial
"nature_of_ownership": "by Key Executive Stock Deferral Plan""
Family Limited Partnership financial
"nature_of_ownership": "By Family Limited Partnership""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SHAPARD ROBERT S

(Last)(First)(Middle)
1750 PRESIDENTS STREET

(Street)
RESTON VIRGINIA 20190

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Leidos Holdings, Inc. [ LDOS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A4.5191(1)A$01,624.9954Iby Key Executive Stock Deferral Plan
Common Stock2,500IBy Family Limited Partnership
Common Stock58,960.08D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Dividend equivalent rights.
Remarks:
/s/ Ramune M. Kligys by PoA of Robert S. Shapard04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Leidos (LDOS) director Robert S. Shapard report on this Form 4?

He reported a small equity accrual through a company plan. An indirect account received 4.5191 shares of Leidos common stock as dividend equivalent rights, updating his reported indirect and direct holdings without any open‑market buying or selling activity.

How many Leidos (LDOS) shares did Shapard receive as a new award?

He received 4.5191 shares of common stock as a grant. These are labeled dividend equivalent rights and were credited under the Key Executive Stock Deferral Plan, reflecting compensation-related accruals rather than a discretionary open-market purchase of shares.

What are Robert S. Shapard’s holdings in Leidos (LDOS) after the reported transactions?

After the transactions, he held 1,624.9954 shares indirectly via the Key Executive Stock Deferral Plan, 2,500 shares indirectly through a Family Limited Partnership, and 58,960.0800 shares directly, according to the reported totals in the Form 4 filing.

Did the Leidos (LDOS) Form 4 show any open-market stock sales or purchases?

No open-market buys or sells were reported. The only coded transaction was an acquisition labeled as a grant or award, consisting of 4.5191 dividend equivalent rights, with the other entries simply updating post-transaction share balances.

What does 'dividend equivalent rights' mean in the Leidos (LDOS) Form 4?

Dividend equivalent rights represent compensation credits tied to dividends on deferred or restricted equity. In this case, 4.5191 additional common shares were credited under the Key Executive Stock Deferral Plan, increasing reported indirect holdings without cash changing hands in the market.

How are Shapard’s indirect Leidos (LDOS) holdings structured in this filing?

Indirect holdings are split between two entities. One is the Key Executive Stock Deferral Plan, which held 1,624.9954 shares after the grant, and the other is a Family Limited Partnership, reported with 2,500 shares, in addition to his directly held shares.