John Baylouny - 29 Nov 2024 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
EVP and COO
Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Issuer symbol
DRS
Transactions as of
29 Nov 2024
Net transactions value
-$1,680,156
Form type
4
Filing time
03 Dec 2024, 18:09:27 UTC
Previous filing
08 May 2024
Next filing
12 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRS Common Stock Options Exercise $0 +64,286 +206% $0.000000 95,562 29 Nov 2024 Direct F1
transaction DRS Common Stock Tax liability $1,008,087 -28,993 -30% $34.77 66,569 29 Nov 2024 Direct F2
transaction DRS Common Stock Options Exercise $0 +42,858 +64% $0.000000 109,427 29 Nov 2024 Direct F3
transaction DRS Common Stock Tax liability $672,069 -19,329 -18% $34.77 90,098 29 Nov 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 Performance Restricted Stock Unit Options Exercise $0 -64,286 -100% $0.000000 0 29 Nov 2024 Common Stock 64,286 Direct F1
transaction DRS Restricted Stock Unit Options Exercise $0 -42,858 -100% $0.000000 0 29 Nov 2024 Common Stock 42,858 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Shares withheld by the Company to satisfy tax withholding requirements.
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.