Michael Dippold - Nov 29, 2022 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
EVP and CFO
Signature
/s/ Katherine Krebel, Attorney-in-Fact
Stock symbol
DRS
Transactions as of
Nov 29, 2022
Transactions value $
$0
Form type
4
Date filed
1/30/2023, 03:45 PM
Previous filing
Nov 28, 2022
Next filing
May 11, 2023

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 +40.5K $0.00 40.5K Nov 29, 2022 Common Stock 40.5K 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 are scheduled to vest one-third annually on each of March 15, 2023, March 15, 2024 and March 15, 2025, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of March 15, 2023 and March 15, 2024 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on March 15,2025.

Remarks:

See Exhibit 24 - Power of Attorney. This is an inadvertent late filing due to an administrative error.