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Leidos Holdings Executive Compensation (FY25)

LDOS · Reston, VA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Thomas Bell
Latest say-on-pay support
=
May 1, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 6, 2026
11 filings cited on this page
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Leidos Holdings brief$1,500Get the executive brief
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402 figures on this page: 395 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas Bell: $12,460,240 → $14,736,385 (18.3% higher)
CEO pay ratio: 115:1 → 122:1 (6.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Leidos Holdings' chief executive and what were they paid?
Thomas Bell was paid $14,736,385 in total compensation as Chief Executive Officer for fiscal 2025. Bell's total was 18.3% higher than the $12,460,240 reported for fiscal 2024.
What was Leidos Holdings' say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held May 1, 2026 for fiscal 2025.
Which companies are in Leidos Holdings' peer group?
The disclosed peer group names Booz Allen Hamilton, CACI International, CGI, Cognizant Technology Solutions and Fluor Corporation, among others.
What is Leidos Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 122:1, against median employee compensation of $120,427.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Roger Krone
Chairman and Chief Executive Officer
◇—◇◇◇—◇◇
Maureen Waterston
Executive Vice President, Chief Human Resources Officer
◇◇◇◇◇—◇◇
Christopher Cage
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Jerald Howe
Executive Vice President and General Counsel
◇—◇◇◇—◇◇
Gerard Fasano
President, Defense Group
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bell
Chief Executive Officer
◇◇◇◇◇—◇◇
Roger Krone
Former Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
Christopher Cage
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Gerard Fasano
Executive Vice President and Chief Growth Officer
◇—◇◇◇—◇◇
Elizabeth Porter
President, Health and Civil Sector
◇—◇◇◇—◇◇
Roy Stevens
President, National Security Sector
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bell
Chief Executive Officer
◇—◇◇◇—◇◇
Christopher Cage
Chief Financial Officer
◇◇◇◇◇—◇◇
Daniel Antal
General Counsel
◇◇◇◇◇—◇◇
Elizabeth Porter
President, Health and Civil Sector
◇◇◇◇◇—◇◇
Gerard Fasano
Chief Growth Officer
◇◇◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas Bell
Chief Executive Officer
◇—◇◇◇—◇◇
Christopher Cage
Chief Financial Officer
◇—◇◇◇—◇◇
Cynthia A. Gruensfelder
President, Defense Sector
◇—◇◇◇—◇◇
Daniel Antal
General Counsel
◇—◇◇◇—◇◇
Leslie K. Fautsch
Chief Human Resources Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher CageOPTION◇——◇—◇◇
Christopher CageRSU◇——◇——◇
Christopher CagePSU◇—◇———◇
Christopher CagePSU◇◇◇—◇—◇
Cynthia A. GruensfelderRSU◇——◇——◇
Cynthia A. GruensfelderPSU◇—◇———◇
Cynthia A. GruensfelderOPTION◇——◇—◇◇
Cynthia A. GruensfelderPSU◇◇◇—◇—◇
Daniel AntalRSU◇——◇——◇
Daniel AntalPSU◇◇◇—◇—◇
Daniel AntalOPTION◇——◇—◇◇
Daniel AntalPSU◇—◇———◇
Leslie K. FautschPSU◇◇◇—◇—◇
Leslie K. FautschRSU◇——◇——◇
Leslie K. FautschPSU◇—◇———◇
Leslie K. FautschOPTION◇——◇—◇◇
Thomas BellOPTION◇——◇—◇◇
Thomas BellPSU◇—◇———◇
Thomas BellPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mr. AntalRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇5/3/2024
Option◇—◇5/3/2024
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mr. BellRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇5/5/2023
Option◇—◇3/8/2024
RSU◇◇——
RSU◇◇——
Option◇—◇5/5/2023
Ms. FautschRSU◇◇——
Option◇—◇3/8/2024
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/3/2023
Option◇—◇3/8/2024
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/3/2023
Mr. CageOption◇—◇3/8/2024
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/8/2024
Option◇—◇3/7/2025
Option◇—◇3/7/2025
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ms. GruensfelderRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/8/2024
Option◇—◇3/8/2024
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christopher Cage
Chief Financial Officer · Severance agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Daniel Antal
General Counsel · Severance agreement · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Thomas Bell
Chief Executive Officer · Severance agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert S. Shapard
Board chair
◇◇◇———◇
Tina W. Jonas
◇◇◇———◇
David G. Fubini
◇◇◇———◇
Gregory R. Dahlberg
◇◇◇———◇
Noel B. Geer
◇◇◇———◇
Nancy A. Norton
◇◇◇———◇
Patrick M. Shanahan
◇◇◇———◇
Gary S. May
◇◇◇———◇
Harry M. J. Kraemer, Jr
—◇◇———◇
Susan M. Stalnecker
◇—————◇
Surya N. Mohapatra
◇—————◇
Thomas A. Bell served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as RSUs and Stock Options.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Booz Allen Hamilton BAH
  • CACI International CACI
  • CGI GIB
  • Cognizant Technology Solutions CTSH
  • Fluor Corporation FLR
  • Huntington Ingalls Industries HII
  • Jacobs Solutions J
  • KBR KBR
  • Kyndryl KD
  • L3Harris Technologies LHX
  • Northrop Grumman NOC
  • Textron TXT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 1, 2026=◇◇◇
2024May 2, 2025=◇◇◇
2023April 26, 2024=◇◇◇
2022April 28, 2023=◇◇◇
2021April 29, 2022=◇◇◇
2020April 30, 2021=◇◇◇
2018April 26, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Thomas Bell (Chief Executive Officer), FY2025 total compensation $14,736,385 (base salary $1,360,385) [exec_comp, SEC accession 0001336920-26-000138, filed 2026-03-19]

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What this page does not include

Everything above is a fact Leidos Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Leidos Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
402 figures on this page: 395 cited to the filing that reported them, 7 calculated from figures it prints.
395 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001336920-26-000177
  2. 0001336920-26-000138
    CEO Pay Ratio · Director Compensation · Employment Agreement · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END · and 1 more section
  3. 0001336920-25-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-25-013182
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0001336920-24-000029
  6. 0001336920-24-000021
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0001628280-23-015086
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001336920-23-000024
    Summary Compensation Table
  9. 0001628280-22-012725
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001336920-21-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001336920-20-000042
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Velarion, “Leidos Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LDOS (accessed 2026).
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11 filings cited on this page
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Leidos Holdings discloses

The companies named in LDOS's own disclosed peer group.

Booz Allen HamiltonCACI InternationalCGICognizant Technology SolutionsFluor CorporationHuntington Ingalls IndustriesJacobs SolutionsKBRKyndrylL3Harris TechnologiesNorthrop GrummanTextron

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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