Letitia Long
PARSONSAbout Letitia A. Long
Independent Class I director of Parsons Corporation since 2020; age 66. Former Director of the National Geospatial-Intelligence Agency (2010–2014) with prior senior roles across U.S. defense intelligence. Education: B.S., Electrical Engineering (Virginia Tech); M.S., Engineering (The Catholic University of America). Current committee assignments: Audit and Risk; Corporate Governance & Responsibility. Other current public boards: T-Mobile US; COPT Defense Properties. Chairwoman of the Intelligence and National Security Alliance (INSA); member of the NGA Advisory Board; member of the Virginia Tech Board of Visitors .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| National Geospatial-Intelligence Agency (NGA) | Director | 2010–2014 | Led U.S. geospatial intelligence agency |
| Defense Intelligence Agency (DIA) | Deputy Director | Not disclosed | Senior leadership in defense intelligence |
| DoD – Undersecretary of Defense Intelligence | Deputy (Planning, Policy & Resources) | Not disclosed | Oversaw planning/policy/resources for intel |
| Naval Intelligence (DoD) | Deputy Director | Not disclosed | Senior role in naval intelligence |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| T-Mobile US | Director | Current | Not disclosed in PSN proxy |
| COPT Defense Properties | Director | Current | Not disclosed in PSN proxy |
| Intelligence and National Security Alliance (INSA) | Chairwoman | Current | Industry leadership in intel community |
| National Geospatial-Intelligence Agency (NGA) | Advisory Board Member | Current | Advisory to NGA |
| Virginia Tech | Board of Visitors Member | Current | University governance |
| Raytheon Company (now part of RTX) | Director (prior) | 2015–2020 | Chaired Public Policy & Corporate Responsibility Committee |
Board Governance
- Status and tenure: Independent director; Class I; director since 2020; term expires at the 2026 annual meeting .
- Committee assignments: Member, Audit & Risk; Member, Corporate Governance & Responsibility; no chair roles currently assigned to Ms. Long .
- Committee independence and activity: All three committees are 100% independent; 2024 meetings—Audit & Risk: 7; Compensation & Mgmt Dev: 5; Corporate Governance & Responsibility: 4 .
- Board independence and leadership: 9 of 11 directors independent; Lead Independent Director is Steven F. Leer; Board holds regular executive sessions of non‑management directors .
- Attendance: In 2024, all incumbent directors attended at least 90% of Board and committee meetings on which they served; Board held 8 meetings in 2024 .
- Investor engagement and evaluation: Board and committees undergo annual performance assessments; in 2024, retained Miles Group for an independent board effectiveness review .
Fixed Compensation (Director)
| Component (2024) | Amount | Notes |
|---|---|---|
| Annual Board Retainer | $100,000 | Standard 2024 non‑employee director cash retainer |
| Audit & Risk Committee Member Fee | $11,500 | Ms. Long is a member |
| CG&R Committee Member Fee | $8,000 | Ms. Long is a member |
| 2024 Cash Fees Actually Paid (Ms. Long) | $119,500 | Sum equals fees earned in Director Comp table |
| All Other Compensation (Ms. Long) | $5,000 | Company charitable match |
Adjustments approved for 2025: Board retainer increases to $110,000; Audit & Risk Committee Chair retainer to $25,000; long‑term incentive to $180,000; LTI vests immediately upon grant (policy change) .
Performance Compensation (Director)
| Equity Element | Grant Policy/Value | Vesting | Ms. Long 2024 Fact Pattern |
|---|---|---|---|
| Annual Director RSU | $170,000 grant-date target value | Vests on first anniversary of grant (for 2024 awards) | 2024 stock award grant-date fair value $172,010; 2,179 unvested RSUs outstanding as of 12/31/24 |
- No performance-based director equity; director grants are time‑based RSUs; options not indicated for directors in 2024 .
- 2025 change: annual director LTI target increases to $180,000 and vests immediately upon grant .
Other Directorships & Interlocks
| Company/Entity | Sector | Role | Interlocks/Notes |
|---|---|---|---|
| T-Mobile US | Telecom | Director | Public company directorship |
| COPT Defense Properties | Defense/REIT | Director | Public company directorship |
| INSA | Non-profit | Chairwoman | Industry association leadership |
| NGA Advisory Board | Government advisory | Member | Advisory to U.S. intelligence agency |
| Virginia Tech | Academic | Board of Visitors Member | University governance |
- Compensation Committee Interlocks: Company discloses no interlocks for 2024 (committee comprised solely of independent directors) .
Expertise & Qualifications
- Deep intelligence, geospatial, and defense leadership background (NGA Director; senior DoD roles) .
- Technical education in electrical engineering; engineering master’s degree .
- Board-level governance experience across large public companies and national security ecosystem; recognized governance credentials (NACD Directorship 100 in 2020) .
Equity Ownership
| Metric | Value | As of / Notes |
|---|---|---|
| Beneficial Ownership (Common Shares) | 19,546 | As of Feb 14, 2025; <1% of outstanding |
| Unvested RSUs (Director Grant) | 2,179 | As of Dec 31, 2024 |
| Ownership Guidelines (Non-Employee Directors) | 5x annual retainer | 5-year compliance window; unvested RSUs and deferred units count |
| Compliance Status (Directors) | In compliance or on-track | Company states non‑employee directors meet or are progressing based on time in role |
| Anti-Hedging / Anti-Pledging | Prohibited for directors | Hard prohibition in Insider Trading Policy |
| 10b5‑1 Plan Requirement | Mandatory for director sales | Directors must adopt Rule 10b5‑1 plans prior to selling company stock |
Governance Assessment
- Board effectiveness: Strong independence profile; structured committee oversight; external board evaluation in 2024; robust executive sessions and lead independent director structure—positive for investor confidence .
- Engagement and attendance: High director attendance (≥90%); regular investor engagement disclosed—reduces oversight risk .
- Pay alignment and policy controls: Director pay mix balances cash and equity; clear ownership guidelines; strict anti‑hedging/pledging; 10b5‑1 plan requirement—alignment and trading controls are strong .
- Shareholder signals: 2024 say‑on‑pay approval exceeded 98%, indicating broad support for compensation governance and oversight .
- Related‑party/conflicts: Proxy’s related‑party section primarily covers ESOP, joint ventures, and policy; no director‑specific related‑party transactions involving Ms. Long are disclosed—no apparent conflicts flagged in filings .
No RED FLAGS observed in filings regarding attendance, hedging/pledging, related‑party transactions, or committee interlocks for Ms. Long. Overall, her deep intelligence and national security background aligns with Parsons’ end‑markets and supports board oversight of federal solutions and cyber/space risk domains .