ERIC SALZMAN - 29 Nov 2022 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
Director
Signature
/s/ [Katherine Krebel], Attorney-in-Fact
Issuer symbol
DRS
Transactions as of
29 Nov 2022
Net transactions value
$0
Form type
4
Filing time
30 Jan 2023, 15:36:16 UTC
Previous filing
28 Nov 2022
Next filing
16 Dec 2022
SEC
View on sec.gov

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 Award $0 +6,954 $0.000000 6,954 29 Nov 2022 Common Stock 6,954 Direct F1
* 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 as part of the equity component of the Reporting Person's annual retainer fee, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs are scheduled to vest on May 15, 2023, subject to the Reporting Person's continued service as a member of the Issuer's board of directors through such date.

Remarks:

See Exhibit 24 - Power of Attorney. This is an inadvertent late filing due to an administrative error.