William Lynn III - Mar 15, 2024 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
Chief Executive Officer, Director
Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Stock symbol
DRS
Transactions as of
Mar 15, 2024
Transactions value $
-$498,697
Form type
4
Date filed
3/19/2024, 03:40 PM
Previous filing
Apr 20, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRS Common Stock Options Exercise $0 +60.5K +150.61% $0.00 101K Mar 15, 2024 Direct F1
transaction DRS Common Stock Tax liability -$499K -22.7K -22.57% $21.97 77.9K Mar 15, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRS Restricted Stock Unit Options Exercise $0 -60.5K -50% $0.00 60.5K Mar 15, 2024 Common Stock 60.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third each of the RSUs vested on each of March 15, 2023 and March 15, 2024. The remaining one-third will vest on March 15, 2025, subject to the Reporting Person's continued employment with the Issuer through each date.
F2 Shares withheld by the Company to satisfy tax withholding requirements.