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

Role: Chief Executive Officer, Director
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.

Content

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.