Key facts
- This page summarizes Michael Dippold's Form 4 filing for Leonardo DRS, Inc. (DRS).
- 7 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Dec 2024, 18:02.
Michael Dippold - 29 Nov 2024 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)
- Reporting relationship
- EVP and CFO
- Issuer ticker
- DRS
- Reported as of
- 29 Nov 2024
- Net transaction value
- -$2,224,877
- SEC form
- 4
- Accepted by SEC
- 03 Dec 2024, 18:02:22 UTC
- Prior SEC filing
- 08 May 2024
- Next SEC filing
- 19 Mar 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Katherine A. Krebel, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Dippold filed Form 4 for Leonardo DRS, Inc. (DRS) on 03 Dec 2024.
Change
- Previous filing in this sequence was filed on 08 May 2024.
- Current net transaction value: -$2,224,877.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DRS
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +51,429
- Change %
- +199%
- Price
- $0.000000
- Shares after
- 77,244
- Date
- 29 Nov 2024
- Ownership
- Direct
- Footnotes
- F1
DRS
transaction
Common Stock
Tax liability
- Transaction value
- $805,238
- Shares
- -23,159
- Change %
- -30%
- Price
- $34.77
- Shares after
- 54,049
- Date
- 29 Nov 2024
- Ownership
- Direct
- Footnotes
- F2
DRS
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +34,286
- Change %
- +63%
- Price
- $0.000000
- Shares after
- 88,335
- Date
- 29 Nov 2024
- Ownership
- Direct
- Footnotes
- F3
DRS
transaction
Common Stock
Tax liability
- Transaction value
- $537,649
- Shares
- -15,463
- Change %
- -18%
- Price
- $34.77
- Shares after
- 72,872
- Date
- 29 Nov 2024
- Ownership
- Direct
- Footnotes
- F2
DRS
transaction
Common Stock
Sale
- Transaction value
- $881,990
- Shares
- -25,880
- Change %
- -35%
- Price
- $34.08
- Shares after
- 47,028
- Date
- 02 Dec 2024
- Ownership
- Direct
- Footnotes
- F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DRS
transaction
Derivative
Performance Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -51,429
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 29 Nov 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 51,429
- Exercise price
- Footnotes
- F1
DRS
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -34,286
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 29 Nov 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 34,286
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 5 footnotes
Footnote F1
Each performance restricted stock unit ("PRSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan") and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The PRSUs were granted to the Reporting Person in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd (the "Merger"). The PRSUs vested on November 29, 2024, the second anniversary of the grant date.
Footnote F2
Shares withheld by the Company to satisfy tax withholding requirements.
Footnote F3
Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs were granted to the Reporting Person in connection with the closing of the Merger. The RSUs vested on November 29, 2024, the second anniversary of the grant date.
Footnote F4
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 13, 2024.
Footnote F5
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.61 - $35.37, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.