Michael Dippold - Apr 1, 2025 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
EVP and CFO
Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Stock symbol
DRS
Transactions as of
Apr 1, 2025
Transactions value $
-$254,644
Form type
4
Date filed
4/2/2025, 07:45 PM
Previous filing
Mar 19, 2025
Next filing
Apr 4, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRS Common Stock Options Exercise $0 +10.4K +15.06% $0.00 79.2K Apr 1, 2025 Direct F1
transaction DRS Common Stock Tax liability -$154K -4.67K -5.9% $32.87 74.5K Apr 1, 2025 Direct F2
transaction DRS Common Stock Options Exercise $0 +6.82K +9.15% $0.00 81.3K Apr 1, 2025 Direct F3
transaction DRS Common Stock Tax liability -$101K -3.07K -3.78% $32.87 78.2K Apr 1, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRS Restricted Stock Unit Options Exercise $0 -10.4K -50% $0.00 10.4K Apr 1, 2025 Common Stock 10.4K Direct F1
transaction DRS Restricted Stock Unit Options Exercise $0 -6.82K -33.33% $0.00 13.6K Apr 1, 2025 Common Stock 6.82K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.