Baker Gail 4
4 · Leonardo DRS, Inc. · Filed Dec 1, 2023
Insider Transaction Report
Form 4
Baker Gail
Director
Transactions
- Exercise/Conversion
Common Stock
2023-11-29+3,571→ 10,525 total - Exercise/Conversion
Restricted Stock Unit
2023-11-29−3,571→ 3,572 total→ Common Stock (3,571 underlying)
Footnotes (2)
- [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.