Form 4 for DRS Leonardo DRS, Inc.
Accepted 2024-12-03 00:00:00 ET · period of report 2024-11-29 · accession 0001127602-24-028536 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-12-03 | 2024-11-29 | DRS | Wallace Sally | EVP, Business Ops | M - OptEx | $0.00 | +33.6K | 40.9K | +456% | $0 |
| DM | 2024-12-03 | 2024-11-29 | DRS | Wallace Sally | EVP, Business Ops | F - Tax | $34.77 | -16.2K | 27.5K | -37% | -$563.9K |
| D | 2024-12-03 | 2024-12-02 | DRS | Wallace Sally | EVP, Business Ops | S - Sale+OE | $34.81 | -4,339 | 30.1K | -13% | -$151.0K |
| DM | 2024-12-03 | 2024-11-29 | DRS | Wallace Sally | EVP, Business Ops | M - OptEx | $0.00 | -33.6K | 0 | -100% | $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 | 2024-11-29 | M | A | 20,143 | $0.00 | 37,229 | D | — | — | (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. |
| 2 | Common | Common Stock | 2024-11-29 | F | D | 6,487 | $34.77 | 34,441 | D | — | — | |
| 3 | Common | Common Stock | 2024-11-29 | M | A | 13,429 | $0.00 | 40,928 | D | — | — | (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. |
| 4 | Common | Common Stock | 2024-11-29 | F | D | 9,730 | $34.77 | 27,499 | D | — | — | |
| 5 | Common | Common Stock | 2024-12-02 | S | D | 4,339 | $34.81 | 30,102 | D | — | — | |
| 6 | Derivative | Restricted Stock Unit | 2024-11-29 | M | D | 13,429 | $0.00 | 0 | D | — · — to — | 13,429 Common Stock | (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. |
| 7 | Derivative | Performance Restricted Stock Unit | 2024-11-29 | M | D | 20,143 | $0.00 | 0 | D | — · — to — | 20,143 Common Stock | (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. |