Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DRS | Common Stock | Options Exercise | $0 | +3.24K | +75.05% | $0.00 | 7.55K | Apr 4, 2024 | Direct | F1 |
transaction | DRS | Common Stock | Tax liability | -$19.8K | -960 | -12.72% | $20.65 | 6.59K | Apr 4, 2024 | Direct | F2 |
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 | -3.24K | -33.33% | $0.00 | 6.48K | Apr 4, 2024 | Common Stock | 3.24K | Direct | F1, F3 |
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 of the RSU's vested on April 4, 2024. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2025 and April 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of April 4, 2024 and April 1, 2025 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026. |
F2 | Shares withheld by the Company to satisfy tax withholding requirements. |
F3 | Settlement of RSUs was originally scheduled for April 1, 2024 but due to administrative processes was delayed until April 4, 2024. |