Baylouny John 4
4 · Leonardo DRS, Inc. · Filed Apr 2, 2025
Insider Transaction Report
Form 4
Baylouny John
EVP and COO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-04-01−8,325→ 16,652 total→ Common Stock (8,325 underlying) - Tax Payment
Common Stock
2025-04-01$32.87/sh−5,695$187,195→ 136,242 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−3,755$123,427→ 140,812 total - Exercise/Conversion
Common Stock
2025-04-01+12,626→ 141,937 total - Exercise/Conversion
Common Stock
2025-04-01+8,325→ 144,567 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−12,626→ 12,627 total→ Common Stock (12,626 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. Onethird 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 receieve 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.