secwatch.observer — SEC 8-K summary
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Issuer:     Leidos Holdings, Inc. (LDOS)
CIK:        0001336920
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001336920-22-000013
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leidos enters $500M accelerated share repurchase agreement; initial ~4.5M shares due Feb 17
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- ASR with financial institution for $500M of common stock under existing authorization.
- Initial payment of $500M on Feb 17, 2022; expects ~4.5M shares delivered same day.
- Final share count based on VWAP during term, less discount; settlement expected Q2 2022.
- Repurchase funded with cash on hand and commercial paper proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336920/000133692022000013/0001336920-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336920/000133692022000013/ldos-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001336920-22-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer