4//SEC Filing
Lynn William III 4
Accession 0001127602-25-011245
CIK 0001833756other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 7:44 PM ET
Size
14.3 KB
Accession
0001127602-25-011245
Insider Transaction Report
Form 4
Lynn William III
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+46,361→ 374,765 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−15,909$522,929→ 367,382 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−31,753→ 63,507 total→ Common Stock (31,753 underlying) - Exercise/Conversion
Common Stock
2025-04-01+31,753→ 383,291 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−46,361→ 46,361 total→ Common Stock (46,361 underlying) - Tax Payment
Common Stock
2025-04-01$32.87/sh−23,227$763,471→ 351,538 total
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") 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. One third of the RSU's vested on each of April 1, 2024 and April 1, 2025. The remaining RSUs are scheduled to vest one-third on April 1, 2026, subject to the Reporting Person's continued employment with the Issuer through each date.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [F3]Each 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. One-third of the RSUs vested on April 1, 2025. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2026, and April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vested on April 1, 2025 and that will vest on April 1, 2026 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2027.
Documents
Issuer
Leonardo DRS, Inc.
CIK 0001833756
Entity typeother
Related Parties
1- filerCIK 0001850774
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 7:44 PM ET
- Size
- 14.3 KB