John Baylouny - 17 Mar 2025 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Reporting relationship: EVP and COO
Issuer ticker: DRS
Reported as of: 17 Mar 2025
Net transaction value: -$1,313,339
SEC form: 4
Accepted by SEC: 19 Mar 2025, 16:47:45 UTC
Prior SEC filing: 11 Mar 2025
Next SEC filing: 02 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Katherine A. Krebel, Attorney-in-Fact

Key filing fact

John Baylouny filed Form 4 for Leonardo DRS, Inc. (DRS) on 19 Mar 2025.

Key facts

This page summarizes John Baylouny's Form 4 filing for Leonardo DRS, Inc. (DRS).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 19 Mar 2025, 16:47.

Change

Previous filing in this sequence was filed on 11 Mar 2025.
Current net transaction value: -$1,313,339.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DRS transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +41,698
Change %: +59%
Price: $0.000000
Shares after: 112,974
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F1

DRS transaction

Common Stock

Tax liability

Transaction value: $476,906
Shares: -14,395
Change %: -13%
Price: $33.13
Shares after: 98,579
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F2

DRS transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +39,514
Change %: +40%
Price: $0.000000
Shares after: 138,093
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F1

DRS transaction

Common Stock

Tax liability

Transaction value: $590,410
Shares: -17,821
Change %: -13%
Price: $33.13
Shares after: 120,272
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F2

DRS transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +16,465
Change %: +14%
Price: $0.000000
Shares after: 136,737
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F3

DRS transaction

Common Stock

Tax liability

Transaction value: $246,023
Shares: -7,426
Change %: -5.4%
Price: $33.13
Shares after: 129,311
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

DRS transaction Derivative

Performance Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -41,698
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 17 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 41,698
Exercise price
Footnotes: F1

DRS transaction Derivative

Performance Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -39,514
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 17 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 39,514
Exercise price
Footnotes: F1

DRS transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -16,465
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 17 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 16,465
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each performance restricted stock unit ("PRSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan") and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The PRSUs 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 "Merger"). The PRSUs vested on March 17, 2025.

Footnote F2

Shares withheld by the Company to satisfy tax withholding requirements.

Footnote F3

Each restricted stock unit ("RSU") was granted under the Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The final third of the RSUs vested on March 17, 2025.