4//SEC Filing
Morrow Pamela 4
Accession 0001127602-25-011411
CIK 0001833756other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:26 PM ET
Size
15.8 KB
Accession
0001127602-25-011411
Insider Transaction Report
Form 4
Morrow Pamela
SVP and Controller
Transactions
- Exercise/Conversion
Common Stock
2025-04-01+3,237→ 20,572 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−2,517→ 8,273 total→ Common Stock (2,517 underlying) - Tax Payment
Common Stock
2025-04-01$32.87/sh−1,262$41,482→ 19,310 total - Exercise/Conversion
Common Stock
2025-04-01+2,517→ 21,827 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−1,183$38,885→ 20,644 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−3,237→ 10,790 total→ Common Stock (3,237 underlying) - Sale
Common Stock
2025-04-02$31.82/sh−2,150$68,413→ 18,494 total
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. 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.
- [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 29, 2024.
Documents
Issuer
Leonardo DRS, Inc.
CIK 0001833756
Entity typeother
Related Parties
1- filerCIK 0001849659
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:26 PM ET
- Size
- 15.8 KB