4//SEC Filing
Wallace Sally 4
Accession 0001127602-24-028536
CIK 0001833756other
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 5:54 PM ET
Size
15.8 KB
Accession
0001127602-24-028536
Insider Transaction Report
Form 4
Wallace Sally
EVP, Chief Operating Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2024-11-29−13,429→ 0 total→ Common Stock (13,429 underlying) - Tax Payment
Common Stock
2024-11-29$34.77/sh−9,730$338,312→ 27,499 total - Sale
Common Stock
2024-12-02$34.81/sh−4,339$151,041→ 30,102 total - Exercise/Conversion
Performance Restricted Stock Unit
2024-11-29−20,143→ 0 total→ Common Stock (20,143 underlying) - Exercise/Conversion
Common Stock
2024-11-29+20,143→ 37,229 total - Exercise/Conversion
Common Stock
2024-11-29+13,429→ 40,928 total - Tax Payment
Common Stock
2024-11-29$34.77/sh−6,487$225,553→ 34,441 total
Footnotes (4)
- [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.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [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.
- [F4]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2024.
Documents
Issuer
Leonardo DRS, Inc.
CIK 0001833756
Entity typeother
Related Parties
1- filerCIK 0001849652
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 5:54 PM ET
- Size
- 15.8 KB