Form 4 for DRS Leonardo DRS, Inc.
Accepted 2025-03-19 00:00:00 ET · period of report 2025-03-17 · accession 0001127602-25-010038 · 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 | 2025-03-19 | 2025-03-17 | DRS | Lynn William III | CEO, Dir | F - Tax | $33.13 | -175.2K | 373.4K | -32% | -$5.80M |
| D | 2025-03-19 | 2025-03-18 | DRS | Lynn William III | CEO, Dir | S - Sale+OE | $32.70 | -45.0K | 328.4K | -12% | -$1.47M |
| DM | 2025-03-19 | 2025-03-17 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | +358.6K | 415.9K | +626% | $0 |
| DM | 2025-03-19 | 2025-03-17 | DRS | Lynn William III | CEO, Dir | M - OptEx | $0.00 | -358.6K | 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 | 2025-03-17 | F | D | 72,198 | $33.13 | 270,842 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-18 | S | D | 45,000 | $32.70 | 328,404 | D | — | — | (F5) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.83 - $33.20, 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. |
| 3 | Common | Common Stock | 2025-03-17 | F | D | 72,689 | $33.13 | 343,239 | D | — | — | |
| 4 | Common | Common Stock | 2025-03-17 | M | A | 60,452 | $0.00 | 403,691 | D | — | — | |
| 5 | Common | Common Stock | 2025-03-17 | F | D | 30,287 | $33.13 | 373,404 | D | — | — | |
| 6 | Common | Common Stock | 2025-03-17 | M | A | 153,103 | $0.00 | 343,040 | D | — | — | |
| 7 | Common | Common Stock | 2025-03-17 | M | A | 145,086 | $0.00 | 415,928 | D | — | — | |
| 8 | Derivative | Performance Restricted Stock Unit | 2025-03-17 | M | D | 153,103 | $0.00 | 0 | D | — · — to — | 153,103 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 March 17, 2025. |
| 9 | Derivative | Restricted Stock Unit | 2025-03-17 | M | D | 60,452 | $0.00 | 0 | D | — · — to — | 60,452 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 final third of the RSUs vested on March 17, 2025. |
| 10 | Derivative | Performance Restricted Stock Unit | 2025-03-17 | M | D | 145,086 | $0.00 | 0 | D | — · — to — | 145,086 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 March 17, 2025. |