Mark Dorfman - 01 Apr 2025 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
EVP, GC and Secretary
Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Issuer symbol
DRS
Transactions as of
01 Apr 2025
Net transactions value
-$190,876
Form type
4
Filing time
03 Apr 2025, 16:23:48 UTC
Previous filing
19 Mar 2025
Next filing
04 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 +7,252 +16% $0.000000 53,038 01 Apr 2025 Direct F1
transaction DRS Common Stock Tax liability $115,144 -3,503 -6.6% $32.87 49,535 01 Apr 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +4,770 +9.6% $0.000000 54,305 01 Apr 2025 Direct F3
transaction DRS Common Stock Tax liability $75,732 -2,304 -4.2% $32.87 52,001 01 Apr 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 Restricted Stock Unit Options Exercise $0 -7,252 -50% $0.000000 7,252 01 Apr 2025 Common Stock 7,252 Direct F1
transaction DRS Restricted Stock Unit Options Exercise $0 -4,770 -33% $0.000000 9,542 01 Apr 2025 Common Stock 4,770 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") 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. One third of the RSU's vested on each of April 1, 2024 and April 1, 2025. The remaining RSUs are scheduled to vest one-third on April 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each date.
F2 Shares withheld by the Company to satisfy tax withholding requirements.
F3 Each 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. One-third of the RSUs vested on April 1, 2025. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2026, and April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vested on April 1, 2025 and that will vest on April 1, 2026 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2027.
F4 Amount has been adjusted by 1 share of common stock due to an administrative error.