AI English summary of an SEC filing — figures as filed
Leidos LDOSThe company said the Leidos, Inc. Retirement Plan requires a Blackout Period because the plan is undergoing administrative changes, including a recordkeeper change and a trustee change. The company said it notified plan participants on May 15, 2025.
Key points
AI summaryThe company said the Leidos, Inc. Retirement Plan requires a Blackout Period because the plan is undergoing administrative changes, including a recordkeeper change and a trustee change. The company said it notified plan participants on May 15, 2025.
Leidos said that during the Blackout Period, plan participants will be unable to change contribution rates, direct or diversify investments (including investments in Leidos Holdings, Inc. common stock), take out loans, make withdrawals, or take distributions.
The company said the Blackout Period is expected to begin during the calendar week of June 29, 2025 and end during the calendar week of July 20. It added that for 2 years after the end of the Blackout Period, anyone may obtain the actual start and end dates free of charge by requesting them from the Office of the Corporate Secretary.
Leidos said it notified directors and executive officers that during the entire Blackout Period (from the afternoon of July 2, 2025 to the afternoon of July 25), they are generally prohibited from directly or indirectly buying, selling or otherwise transferring Leidos equity securities. The company said this restriction applies regardless of whether they participate in the plan.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Temporary Trading Suspension Due to Recordkeeper and Trustee Changes at Retirement Plan
The company said the Leidos, Inc. Retirement Plan requires a Blackout Period because the plan is undergoing administrative changes, including a recordkeeper change and a trustee change. The company said it notified plan participants on May 15, 2025.
Source · Based on the filing body and exhibits
Transactions Participants Cannot Make During the Blackout Period
Leidos said that during the Blackout Period, plan participants will be unable to change contribution rates, direct or diversify investments (including investments in Leidos Holdings, Inc. common stock), take out loans, make withdrawals, or take distributions.
Source · Based on the filing body and exhibits
Expected Blackout Period Timing and How to Obtain Actual Dates
The company said the Blackout Period is expected to begin during the calendar week of June 29, 2025 and end during the calendar week of July 20. It added that for 2 years after the end of the Blackout Period, anyone may obtain the actual start and end dates free of charge by requesting them from the Office of the Corporate Secretary.
Source · Based on the filing body and exhibits
Trading Restrictions on Leidos Securities for Directors and Officers
Leidos said it notified directors and executive officers that during the entire Blackout Period (from the afternoon of July 2, 2025 to the afternoon of July 25), they are generally prohibited from directly or indirectly buying, selling or otherwise transferring Leidos equity securities. The company said this restriction applies regardless of whether they participate in the plan.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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