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Thomas A. Bell

Chief Executive Officer at Leidos Holdings
Since May 3, 2023
Age
64 years
Tenure
Joined LDOS as Chief Executive Officer on May 03, 2023, and has held this position since then.

Also at Leidos Holdings

BZL
Brian Z. Liss
Senior Vice President, Deputy General Counsel, and Corporate Secretary
CRC
Christopher R. Cage
Executive Vice President and Chief Financial Officer
CG
Cindy Gruensfelder
President of the Defense Systems Sector

About

Thomas A. Bell is a seasoned executive with over four decades of experience in the aerospace and defense sectors. Beginning his career with Lockheed Martin in human space flight, he built his reputation at several prestigious companies before taking on his current role at LDOS.

During his career, he held key leadership positions at The Boeing Company where he served as Senior Vice President of Global Sales and Marketing for Defense, Space, and Security, and later made significant contributions at Rolls-Royce plc as President of Defense and Chairman and CEO of Rolls-Royce North America.

His appointment as CEO of LDOS on May 03, 2023 marks another milestone in an illustrious career. Now at 64 years old, he brings strategic insight and global experience to the company, further driving innovation and growth across the organization.

$LDOS Performance Under Thomas A. Bell

Past Roles

OrganizationRoleDate RangeDetails
Rolls-Royce North AmericaChairman and CEO – Rolls-Royce North AmericaFeb 2018 – May 2023Held concurrently while serving as President at Rolls-Royce plc; managed U.S. operations across 26 states and Canada
Rolls-Royce plcPresident – Defense Rolls-Royce plcFeb 2018 – May 2023Oversaw the full range of business in North America and led U.S. government and stakeholder management
The Boeing CompanySenior Vice President of Global Sales and Marketing for Defense, Space, and Security2015 – 2018Led global sales and marketing initiatives for Boeing's defense, space, and security segment
Rolls-Royce Defense AerospacePresident (Customer Business, North America)Mid-2012 – 2015Served as President overseeing North American operations before transitioning to Boeing
Lockheed MartinAerospace Professional – Human Space FlightN/ABegan his aerospace career in human space flight without a specified date

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,250,000 AnnualFixed base salary for 2023
Sign-On Bonus$1,450,000 One-timeCash bonus provided to compensate for forfeited equity awards; subject to clawback if resignation without Good Reason or termination for Cause before May 3, 2025

Performance Compensation

Data from  FY 2023

Performance Share Units (PSUs)

MetricValue
Performance MetricsRelative TSR (50%) & Revenue (50%)
Threshold14,160 shares
Target28,320 shares
Maximum56,640 shares
Vesting ScheduleVests at end of 3-year period (2023-2025)
Grant DateMay 5, 2023
Grant Date Fair Value$2,118,478
Additional DetailsPayout contingent on achieving performance criteria

Restricted Stock Units (RSUs)

MetricValue
Performance MetricAdjusted EPS ≥ $3.32
Vesting Schedule3-year ratable: 34% on 1st anniversary, 33% on 2nd & 3rd
Grant DateMay 5, 2023
Grant Date Fair Value$1,350,014
Additional DetailsComprises 30% of targeted long-term incentives

Stock Options

MetricValue
Grant DateMay 5, 2023
Grant Date Fair Value$900,004
Exercise Price$79.45 per share
Vesting Schedule3-year ratable: 34% on 1st yr, 33% on 2nd & 3rd yrs
Expiration DateMay 5, 2030
Additional DetailsValue realized via stock price appreciation; no performance metric

Non-Equity Incentive Plan Compensation

MetricValue
Performance MetricsAdjusted Operating Income (40%), Operating Cash Flow (30%), Book-to-Bill Ratio (30%)
Threshold$1,087,500
Target$1,875,000
Maximum$2,812,500
Actual Payout$2,538,000 (Financial: $2,056,500 , Personal: $481,500 )
Evaluation PeriodFiscal 2023
Grant DateFebruary 7, 2024 (payout based on 2023 performance)
Additional DetailsCash-based incentive including a 1.07x Engage multiplier in personal score