Peter Marino - 31 Dec 2022 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Reporting relationship: Director
Issuer ticker: DRS
Reported as of: 31 Dec 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Jan 2023, 14:36:02 UTC
Prior SEC filing: 30 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Katherine Krebel, Attorney-in-Fact

Key filing fact

Peter Marino filed Form 4 for Leonardo DRS, Inc. (DRS) on 06 Jan 2023.

Key facts

This page summarizes Peter Marino's Form 4 filing for Leonardo DRS, Inc. (DRS).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jan 2023, 14:36.

Change

Previous filing in this sequence was filed on 30 Nov 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DRS holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,143
Date: 31 Dec 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,143
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Peter Marino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote 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 on November 29, 2022 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 schedule to vest on the second anniversary of the grant date and have no expiration date.

SEC remarks

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's director, effective as of December 31, 2022, and therefore is no longer subject to Section 16 reporting. See Exhibit 24 - Power of Attorney EXHIBIT LIST: EX-24 Marino Peter A.