4//SEC Filing
Lynn William III 4
Accession 0001127602-25-010038
CIK 0001833756other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 5:54 PM ET
Size
21.1 KB
Accession
0001127602-25-010038
Insider Transaction Report
Form 4
Lynn William III
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2025-03-18$32.70/sh−45,000$1,471,500→ 328,404 total - Exercise/Conversion
Performance Restricted Stock Unit
2025-03-17−145,086→ 0 total→ Common Stock (145,086 underlying) - Exercise/Conversion
Common Stock
2025-03-17+60,452→ 403,691 total - Exercise/Conversion
Restricted Stock Unit
2025-03-17−60,452→ 0 total→ Common Stock (60,452 underlying) - Tax Payment
Common Stock
2025-03-17$33.13/sh−72,198$2,391,920→ 270,842 total - Tax Payment
Common Stock
2025-03-17$33.13/sh−30,287$1,003,408→ 373,404 total - Exercise/Conversion
Performance Restricted Stock Unit
2025-03-17−153,103→ 0 total→ Common Stock (153,103 underlying) - Exercise/Conversion
Common Stock
2025-03-17+153,103→ 343,040 total - Tax Payment
Common Stock
2025-03-17$33.13/sh−72,689$2,408,187→ 343,239 total - Exercise/Conversion
Common Stock
2025-03-17+145,086→ 415,928 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 27, 2024.
- [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.
Documents
Issuer
Leonardo DRS, Inc.
CIK 0001833756
Entity typeother
Related Parties
1- filerCIK 0001850774
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 5:54 PM ET
- Size
- 21.1 KB