John Baylouny - 17 Mar 2025 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
17 Mar 2025
Net transactions value
-$1,313,339
Form type
4
Filing time
19 Mar 2025, 16:47:45 UTC
Previous filing
11 Mar 2025
Next filing
02 Apr 2025
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 +41,698 +59% $0.000000 112,974 17 Mar 2025 Direct F1
transaction DRS Common Stock Tax liability $476,906 -14,395 -13% $33.13 98,579 17 Mar 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +39,514 +40% $0.000000 138,093 17 Mar 2025 Direct F1
transaction DRS Common Stock Tax liability $590,410 -17,821 -13% $33.13 120,272 17 Mar 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +16,465 +14% $0.000000 136,737 17 Mar 2025 Direct F3
transaction DRS Common Stock Tax liability $246,023 -7,426 -5.4% $33.13 129,311 17 Mar 2025 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 -41,698 -100% $0.000000 0 17 Mar 2025 Common Stock 41,698 Direct F1
transaction DRS Performance Restricted Stock Unit Options Exercise $0 -39,514 -100% $0.000000 0 17 Mar 2025 Common Stock 39,514 Direct F1
transaction DRS Restricted Stock Unit Options Exercise $0 -16,465 -100% $0.000000 0 17 Mar 2025 Common Stock 16,465 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 March 17, 2025.
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 final third of the RSUs vested on March 17, 2025.