Kenneth J. Krieg - Nov 29, 2022 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
Director
Signature
/s/ Katherine Krebel, Attorney-in-Fact
Stock symbol
DRS
Transactions as of
Nov 29, 2022
Transactions value $
$0
Form type
4
Date filed
11/30/2022, 06:48 AM
Previous filing
Nov 28, 2022
Next filing
Dec 15, 2022

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 Award $0 +7.14K $0.00 7.14K Nov 29, 2022 Common Stock 7.14K Direct F1
* 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, 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 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 RSUs are scheduled to vest on the second anniversary of the grant date and have no expiration date.

Remarks:

See Exhibit 24 - Power of Attorney.