Leonardo DRS, Inc. — Director's Dealing 2022

Nov 30, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Leonardo DRS, Inc. (DRS)
CIK: 0001833756
Period of Report: 2022-11-29

Reporting Person: Wallace Sally (EVP, Business Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-29	Restricted Stock Unit	$	A	13429	Acquired		Common Stock (13429.0)	Direct
2022-11-29	Performance Restricted Stock Unit	$	A	20143	Acquired		Common Stock (20143.0)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") 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 RSUs 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 RSUs are scheduled to vest on the second anniversary of the grant date and have no expiration date.

F2: Each performance restricted stock unit ("PRSU") 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 PRSUs were granted to the Reporting Person in connection with the closing of the Merger. The target number of PRSUs is presented in the table. The PRSUs are scheduled to vest over a period of two years, and the number of PRSUs actually earned will be determined based upon the achievement of certain predetermined performance targets and have no expiration date.