Form 4 for DRS Leonardo DRS, Inc.
Accepted 2024-04-03 00:00:00 ET · period of report 2024-04-01 · accession 0001127602-24-012361 · 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 | 2024-04-03 | 2024-04-01 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | +46.4K | 124.3K | +60% | $0 |
| D | 2024-04-03 | 2024-04-01 | DRS | Lynn William III | CEO, Dir | F - Tax | $21.52 | -22.5K | 101.7K | -18% | -$484.9K |
| D | 2024-04-03 | 2024-04-01 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | -46.4K | 92.7K | -33% | $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 | 2024-04-01 | M | A | 46,361 | $0.00 | 124,255 | D | — | — | (F1) Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation 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 April 1, 2024. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2025 and 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 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026. |
| 2 | Common | Common Stock | 2024-04-01 | F | D | 22,532 | $21.52 | 101,723 | D | — | — | |
| 3 | Derivative | Restricted Stock Unit | 2024-04-01 | M | D | 46,361 | $0.00 | 92,722 | D | — · — to — | 46,361 Common Stock | (F1) Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation 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 April 1, 2024. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2025 and 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 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026. |