Filing Details
- Accession Number:
- 0001127602-24-028538
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-12-03 17:59:33
- Reporting Period:
- 2024-11-29
- Accepted Time:
- 2024-12-03 17:59:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1833756 | Leonardo Drs Inc. | DRS | Search, Detection, Navagation, Guidance, Aeronautical Sys (3812) | 132632319 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1849648 | Mark Dorfman | C/O Leonardo Drs, Inc., 2345 Crystal Dr. Arlington VA 22202 | Evp, Gc And Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-11-29 | 44,572 | $0.00 | 61,640 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-11-29 | 21,529 | $34.77 | 40,111 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-11-29 | 29,715 | $0.00 | 69,826 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-11-29 | 14,353 | $34.77 | 55,473 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2024-12-02 | 23,042 | $34.06 | 32,431 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Restricted Stock Unit | Disposition | 2024-11-29 | 44,572 | $0.00 | 44,572 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2024-11-29 | 29,715 | $0.00 | 29,715 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Footnotes
- Each performance restricted stock unit ("PRSU") 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. The PRSUs were granted to the Reporting Person in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd (the "Merger"). The PRSUs vested on November 29, 2024, the second anniversary of the grant date.
- Shares withheld by the Company to satisfy tax withholding requirements.
- Each restricted stock unit ("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. The RSUs were granted to the Reporting Person in connection with the closing of the Merger. The RSUs vested on November 29, 2024, the second anniversary of the grant date.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by theReporting Person on August 21, 2024.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.61 - $35.37, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.
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