4//SEC Filing
Wallace Sally 4
Accession 0001127602-25-011426
CIK 0001833756other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:37 PM ET
Size
15.7 KB
Accession
0001127602-25-011426
Insider Transaction Report
Form 4
Wallace Sally
EVP, Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2025-04-01$32.87/sh−3,503$115,144→ 58,909 total - Exercise/Conversion
Common Stock
2025-04-01+4,337→ 63,246 total - Sale
Common Stock
2025-04-02$31.82/sh−1,498$47,666→ 59,653 total - Exercise/Conversion
Common Stock
2025-04-01+7,252→ 62,412 total - Tax Payment
Common Stock
2025-04-01$32.87/sh−2,095$68,863→ 61,151 total - Exercise/Conversion
Restricted Stock Unit
2025-04-01−7,252→ 20,263 total→ Common Stock (7,252 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-04-01−4,337→ 15,926 total→ Common Stock (4,337 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.
- [F4]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2024.
Documents
Issuer
Leonardo DRS, Inc.
CIK 0001833756
Entity typeother
Related Parties
1- filerCIK 0001849652
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:37 PM ET
- Size
- 15.7 KB