Dippold Michael 4
4 · Leonardo DRS, Inc. · Filed Apr 2, 2025
Insider Transaction Report
Form 4
Dippold Michael
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+10,360→ 79,162 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−3,074$101,042→ 78,230 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−4,673$153,602→ 74,489 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−6,815→ 13,631 total→ Common Stock (6,815 underlying) - Exercise/Conversion
Common Stock
2025-04-01+6,815→ 81,304 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−10,360→ 10,360 total→ Common Stock (10,360 underlying)
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. The number of RSUs that vest on each of April 1, 2024 and April 1, 2025 were rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2026.
- [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.