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Leonardo DRS, Inc. — Director's Dealing 2024
Dec 4, 2024
30527_dirs_2024-12-03_2db92af3-494b-429b-970f-f904c6d84bff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Leonardo DRS, Inc. (DRS)
CIK: 0001833756
Period of Report: 2024-11-29
Reporting Person: Lynn William III (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-29 | Common Stock | M | 214286 | — | Acquired | 316009 | Direct |
| 2024-11-29 | Common Stock | F | 107358 | $34.77 | Disposed | 208651 | Direct |
| 2024-11-29 | Common Stock | M | 142858 | — | Acquired | 351509 | Direct |
| 2024-11-29 | Common Stock | F | 71572 | $34.77 | Disposed | 279937 | Direct |
| 2024-12-02 | Common Stock | S | 45000 | $34.07 | Disposed | 234937 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-29 | Performance Restricted Stock Unit | $ | M | 214286 | Disposed | Common Stock (214286) | Direct | |
| 2024-11-29 | Restricted Stock Unit | $ | M | 142858 | Disposed | Common Stock (142858) | Direct |
Footnotes
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 November 29, 2024, the second anniversary of the grant date.
F2: Shares withheld by the Company to satisfy tax withholding requirements.
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 RSUs were granted to the Reporting Person in connection with the closing of the Merger. The RSUs vested on November 29, 2024, the second anniversary of the grant date.
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 27, 2024.
F5: The price reported is a weighted average price (rounded to the nearest whole cent). These shares were sold in multiple transactions at prices ranging from $33.60 - $35.40, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.