Dorfman Mark 4
4 · Leonardo DRS, Inc. · Filed Mar 19, 2025
Insider Transaction Report
Form 4
Dorfman Mark
EVP, GC and Secretary
Transactions
- Tax Payment
Common Stock
2025-03-17$33.13/sh−10,065$333,453→ 60,931 total - Exercise/Conversion
Performance Restricted Stock Unit
2025-03-17−23,949→ 0 total→ Common Stock (23,949 underlying) - Sale
Common Stock
2025-03-18$32.69/sh−20,034$654,911→ 45,786 total - Exercise/Conversion
Performance Restricted Stock Unit
2025-03-17−22,696→ 0 total→ Common Stock (22,696 underlying) - Exercise/Conversion
Common Stock
2025-03-17+23,949→ 56,380 total - Tax Payment
Common Stock
2025-03-17$33.13/sh−8,080$267,690→ 48,300 total - Exercise/Conversion
Restricted Stock Unit
2025-03-17−9,457→ 0 total→ Common Stock (9,457 underlying) - Exercise/Conversion
Common Stock
2025-03-17+22,696→ 70,996 total - Exercise/Conversion
Common Stock
2025-03-17+9,457→ 70,388 total - Tax Payment
Common Stock
2025-03-17$33.13/sh−4,568$151,338→ 65,820 total
Footnotes (5)
- [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.
- [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 final third of the RSUs vested on March 17, 2025.
- [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 21, 2024.
- [F5]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.85 - $33.21, 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.