William Lynn III - Apr 18, 2023 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Signature
/s/ Katherine Krebel, Attorney-in-Fact
Stock symbol
DRS
Transactions as of
Apr 18, 2023
Transactions value $
$0
Form type
4
Date filed
4/20/2023, 12:44 PM
Previous filing
May 11, 2023
Next filing
Mar 19, 2024

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 +139K $0.00 139K Apr 18, 2023 Common Stock 139K 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 April 1, 2024, April 1, 2025 and April 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of April 1, 2024 and April 1, 2025 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026.