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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Mar 2025, 17:05:22 UTC
Prior SEC filing
03 Dec 2024
Next SEC filing
03 Apr 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Katherine A. Krebel, Attorney-in-Fact

Key filing fact

Pamela Morrow filed Form 4 for Leonardo DRS, Inc. (DRS) on 19 Mar 2025.

Key facts

  • This page summarizes Pamela Morrow's Form 4 filing for Leonardo DRS, Inc. (DRS).
  • 10 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 19 Mar 2025, 17:05.

Change

  • Previous filing in this sequence was filed on 03 Dec 2024.
  • Current net transaction value: -$503,228.

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
+8,553
Change %
+68%
Price
$0.000000
Shares after
21,118
Date
17 Mar 2025
Ownership
Direct
Footnotes
F1
DRS transaction

Common Stock

Tax liability

Transaction value
$93,625
Shares
-2,826
Change %
-13%
Price
$33.13
Shares after
18,292
Date
17 Mar 2025
Ownership
Direct
Footnotes
F2
DRS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+8,106
Change %
+44%
Price
$0.000000
Shares after
26,398
Date
17 Mar 2025
Ownership
Direct
Footnotes
F1
DRS transaction

Common Stock

Tax liability

Transaction value
$83,885
Shares
-2,532
Change %
-9.6%
Price
$33.13
Shares after
23,866
Date
17 Mar 2025
Ownership
Direct
Footnotes
F2
DRS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+3,378
Change %
+14%
Price
$0.000000
Shares after
27,244
Date
17 Mar 2025
Ownership
Direct
Footnotes
F3
DRS transaction

Common Stock

Tax liability

Transaction value
$34,952
Shares
-1,055
Change %
-3.9%
Price
$33.13
Shares after
26,189
Date
17 Mar 2025
Ownership
Direct
Footnotes
F2
DRS transaction

Common Stock

Sale

Transaction value
$290,765
Shares
-8,854
Change %
-34%
Price
$32.84
Shares after
17,335
Date
18 Mar 2025
Ownership
Direct
Footnotes
F4

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
-8,553
Change %
-100%
Price
$0.000000
Shares after
0
Date
17 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,553
Exercise price
Footnotes
F1
DRS transaction Derivative

Performance Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-8,106
Change %
-100%
Price
$0.000000
Shares after
0
Date
17 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,106
Exercise price
Footnotes
F1
DRS transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-3,378
Change %
-100%
Price
$0.000000
Shares after
0
Date
17 Mar 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,378
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 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.

Footnote F4

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2024.

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