Leidos Holdings, Inc., a leading technology integrator and solutions provider, has announced a critical operational update regarding its Retirement Plan. Effective July 2025, the company will implement a Retire- ment Plan Blackout Period due to a recordkeeper and trustee change. This blackout period, mandated under Section 306(a) of the Sarbanes- Oxley Act and Regulation BTR, restricts directors, executive officers, and participants from executing any transactions involving their Retirement Plan assets.
The blackout is scheduled to commence during the week of June 29, 2025, and conclude during the week of July 20, 2025. This approximately three-week interval will restrict participants from modifying contribution rates, divesting or redirecting investments, including holdings in Leidos common stock, as well as preventing loans, withdrawals, or distributions from the Plan accounts.
Critically, the blackout period overlaps partly with Leidos’ quarterly earnings blackout, effective June 15, 2025, through the close of the second full trading day after release of the Q2 FY2025 financial results. During the entire blackout period beginning July 2 through July 25, 2025, executive officers and directors are prohibited from buying, selling, or transferring any equity securities related to their service, including derivative transactions referencing Leidos’ stock.
To contextualize Leidos’ financial backdrop, the company reported a total revenue of \(16.662 billion and a net income of approximately \)1.254 billion for the fiscal year ending January 3, 2025 (FY2024). Although the current blackout concerns pension plan transactional limitations, such corporate governance measures underscore the company’s robust compliance culture and oversight pertinent to insider trading and fiduciary responsibility.
This retirement plan blackout period signals a prudent transitional phase for Leidos’s financial management architecture, reflective of compliance-driven structural adjustments typical in major corporations undergoing fiduciary custodial changes. Investors may consider these changes aligned with the company’s past steadfast emphasis on regulatory adherence, as showcased consistently in their quarterly disclosures.
The simultaneous timing of this blackout with the earnings disclosure window may produce heightened trading sensitivity and volume changes once restrictions lift, particularly impacting the liquidity surrounding Leidos common stock and derivatives.
For further details, the official 8-K filing by Leidos Holdings can be accessed here: Source Link.
This update on Leidos’s retirement plan governance invites a wider examination of related corporate policies as discussed in prior earnings calls, where leadership emphasized ongoing commitment to fiduciary diligence and regulatory standards amidst evolving market and economic contexts.
Tags: RetirementPlanBlackout, SarbanesOxleyCompliance, LeidosFinancialGovernance, CorporateInsiderTrading, FiduciaryResponsibility