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Leonardo DRS, Inc. — Director's Dealing 2025
Mar 19, 2025
30527_dirs_2025-03-19_4a0f8ac0-1a71-4aab-802c-57c6305576ea.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: 2025-03-17
Reporting Person: Baylouny John (EVP and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-17 | Common Stock | M | 41698 | — | Acquired | 112974 | Direct |
| 2025-03-17 | Common Stock | F | 14395 | $33.13 | Disposed | 98579 | Direct |
| 2025-03-17 | Common Stock | M | 39514 | — | Acquired | 138093 | Direct |
| 2025-03-17 | Common Stock | F | 17821 | $33.13 | Disposed | 120272 | Direct |
| 2025-03-17 | Common Stock | M | 16465 | — | Acquired | 136737 | Direct |
| 2025-03-17 | Common Stock | F | 7426 | $33.13 | Disposed | 129311 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-17 | Performance Restricted Stock Unit | $ | M | 41698 | Disposed | Common Stock (41698) | Direct | |
| 2025-03-17 | Performance Restricted Stock Unit | $ | M | 39514 | Disposed | Common Stock (39514) | Direct | |
| 2025-03-17 | Restricted Stock Unit | $ | M | 16465 | Disposed | Common Stock (16465) | 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 March 17, 2025.
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 final third of the RSUs vested on March 17, 2025.