Form 4 for DRS Leonardo DRS, Inc.
Accepted 2023-12-01 00:00:00 ET · period of report 2023-11-29 · accession 0001127602-23-028522 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-01 | 2023-11-29 | DRS | GALLAGHER MARY E | Dir | M - OptEx | $0.00 | +3,571 | 10.5K | +51% | $0 |
| D | 2023-12-01 | 2023-11-29 | DRS | GALLAGHER MARY E | Dir | M - OptEx | $0.00 | -3,571 | 3,572 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-11-29 | M | A | 3,571 | $0.00 | 10,525 | D | — | — | (F1) Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Unit | 2023-11-29 | M | D | 3,571 | $0.00 | 3,572 | D | — · — to — | 3,571 Common Stock | (F1) Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. (F2) Each RSU granted under the Issuer's 2022 Omnibus Equity Compensation Plan represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof and has no expiration date. 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. One-half of the RSUs vested and settled in common stock on November 29, 2023 and the remaining one-half of the RSUs vest on November 29, 2024. |