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Walt Havenstein is a seasoned leader in the defense and technology sectors, having served as the CEO of Leidos Holdings, Inc. from September 2009 to February 2012. Before joining Leidos, he was the Chief Operating Officer at BAE Systems, a...

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Walt Havenstein

Ex-CEO of Leidos Holdings

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

October 5, 1949 - 75 years ago

CEO of Leidos Holdings for

2 years 5 months (Sep 2009 - Feb 2012)

Previous Experience

Chief Operating Officer and Director of BAE Systems plc

Holdings

See how much did Walt Havenstein make over time.

Walt Havenstein's insider trading history shows his confidence in Leidos Holdings, Inc. His stock holdings have seen significant fluctuations, peaking at $158.49 million in September 2024. During his time as CEO, his wealth was primarily tied up in these holdings,...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Walt Havenstein make over time.

Walt Havenstein's compensation during his time at Leidos reflects a strong alignment with company performance. In 2012, he earned over $5.3 million, primarily from a base salary of $1 million and a cash incentive bonus tied to achieving specific performance goals. He also received a significant amount in vested stock, valued around $1.75 million, which was part of his agreement when he joined the company. This structured compensation package was designed to motivate him towards reaching the company's targets, which were centered around financial and operational metrics. His salary and bonuses are indicative of industry standards for CEOs in major firms, aimed at attracting and retaining top executive talent while also ensuring accountability towards stakeholders in their performance metrics. Overall, his compensation showcased the expectations of leadership in a competitive landscape.

Year

2012

Total Compensation

$8.00M

Salary

$1.00M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring competitive compensation to attract and retain top executive talent.

Bonus

$710.00K

Board Justification

Cash incentive award for fiscal 2012 and for fiscal 2013, prorated based on his term of service during the fiscal year, determined based on the achievement of the pre-established performance criteria for the applicable year.

Other

$945.09K

Board Justification

Lump sum payment equal to his base salary prorated from the retirement date through January 31, 2013.

Restricted Stock

$5.35M(1.75M Restricted Stock)

Board Justification

Vesting of the remaining unvested portion of the restricted stock awards and stock option awards granted to him in September 2009 as an inducement to join the company, which vested upon retirement.

Performance Metrics

Performance metrics include achievement of financial and operational goals set at the beginning of the fiscal year.

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