Pamela Morrow - 17 Mar 2025 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
SVP and Controller
Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Issuer symbol
DRS
Transactions as of
17 Mar 2025
Net transactions value
-$503,228
Form type
4
Filing time
19 Mar 2025, 17:05:22 UTC
Previous filing
03 Dec 2024
Next filing
03 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 +8,553 +68% $0.000000 21,118 17 Mar 2025 Direct F1
transaction DRS Common Stock Tax liability $93,625 -2,826 -13% $33.13 18,292 17 Mar 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +8,106 +44% $0.000000 26,398 17 Mar 2025 Direct F1
transaction DRS Common Stock Tax liability $83,885 -2,532 -9.6% $33.13 23,866 17 Mar 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +3,378 +14% $0.000000 27,244 17 Mar 2025 Direct F3
transaction DRS Common Stock Tax liability $34,952 -1,055 -3.9% $33.13 26,189 17 Mar 2025 Direct F2
transaction DRS Common Stock Sale $290,765 -8,854 -34% $32.84 17,335 18 Mar 2025 Direct F4

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 -8,553 -100% $0.000000 0 17 Mar 2025 Common Stock 8,553 Direct F1
transaction DRS Performance Restricted Stock Unit Options Exercise $0 -8,106 -100% $0.000000 0 17 Mar 2025 Common Stock 8,106 Direct F1
transaction DRS Restricted Stock Unit Options Exercise $0 -3,378 -100% $0.000000 0 17 Mar 2025 Common Stock 3,378 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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.
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 29, 2024.