Dorfman Mark 4
4 · Leonardo DRS, Inc. · Filed Apr 3, 2025
Insider Transaction Report
Form 4
Dorfman Mark
EVP, GC and Secretary
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-04-01−4,770→ 9,542 total→ Common Stock (4,770 underlying) - Exercise/Conversion
Common Stock
2025-04-01+4,770→ 54,305 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−2,304$75,732→ 52,001 total - Exercise/Conversion
Common Stock
2025-04-01+7,252→ 53,038 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−3,503$115,144→ 49,535 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−7,252→ 7,252 total→ Common Stock (7,252 underlying)
Footnotes (4)
- [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.
- [F4]Amount has been adjusted by 1 share of common stock due to an administrative error.