Form 4 for DRS Leonardo DRS, Inc.
Accepted 2024-12-03 00:00:00 ET · period of report 2024-11-29 · accession 0001127602-24-028541 · 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 | Lynn William III | CEO, Dir | F - Tax | $34.77 | -178.9K | 279.9K | -39% | -$6.22M |
| D | 2024-12-03 | 2024-12-02 | DRS | Lynn William III | CEO, Dir | S - Sale+OE | $34.07 | -45.0K | 234.9K | -16% | -$1.53M |
| DM | 2024-12-03 | 2024-11-29 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | +357.1K | 351.5K | New | $0 |
| DM | 2024-12-03 | 2024-11-29 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | -357.1K | 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 | F | D | 107,358 | $34.77 | 208,651 | D | — | — | |
| 2 | Common | Common Stock | 2024-11-29 | F | D | 71,572 | $34.77 | 279,937 | D | — | — | |
| 3 | Common | Common Stock | 2024-12-02 | S | D | 45,000 | $34.07 | 234,937 | D | — | — | (F5) The price reported is a weighted average price (rounded to the nearest whole cent). These shares were sold in multiple transactions at prices ranging from $33.60 - $35.40, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price. |
| 4 | Common | Common Stock | 2024-11-29 | M | A | 214,286 | $0.00 | 316,009 | 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. |
| 5 | Common | Common Stock | 2024-11-29 | M | A | 142,858 | $0.00 | 351,509 | 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. |
| 6 | Derivative | Restricted Stock Unit | 2024-11-29 | M | D | 142,858 | $0.00 | 0 | D | — · — to — | 142,858 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 | 214,286 | $0.00 | 0 | D | — · — to — | 214,286 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. |