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Leonardo DRS, Inc. — Director's Dealing 2025
Apr 3, 2025
30527_dirs_2025-04-03_fbc92ddf-9902-4e13-a17b-d3d1d7a62bdb.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: 2025-04-01
Reporting Person: Morrow Pamela (SVP and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-01 | Common Stock | M | 3237 | — | Acquired | 20572 | Direct |
| 2025-04-01 | Common Stock | F | 1262 | $32.87 | Disposed | 19310 | Direct |
| 2025-04-01 | Common Stock | M | 2517 | — | Acquired | 21827 | Direct |
| 2025-04-01 | Common Stock | F | 1183 | $32.87 | Disposed | 20644 | Direct |
| 2025-04-02 | Common Stock | S | 2150 | $31.82 | Disposed | 18494 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Restricted Stock Unit | $ | M | 3237 | Disposed | Common Stock (3237) | Direct | |
| 2025-04-01 | Restricted Stock Unit | $ | M | 2517 | Disposed | Common Stock (2517) | 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. One third of the RSU's vested on each of April 1, 2024 and April 1, 2025. The remaining RSUs are scheduled to vest one-third on April 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of April 1, 2024 and April 1, 2025 were rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026.
F2: Shares withheld by the Company to satisfy tax withholding requirements.
F3: Each 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. One-third of the RSUs vested on April 1, 2025. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2026, and April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through each 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 29, 2024.