Filing Details

Accession Number:
0001127602-25-010041
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-03-19 17:59:15
Reporting Period:
2025-03-17
Filing Date:
2025-03-19
Accepted Time:
2025-03-19 17:59:15
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
1849658 Michael Dippold C/O Leonardo Drs, Inc., 2345 Crystal Dr.
Arlington VA 22202
Evp And Cfo 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 2025-03-17 34,213 $0.00 81,241 No 4 M Direct
Common Stock Disposition 2025-03-17 11,036 $33.13 70,205 No 4 F Direct
Common Stock Acquisiton 2025-03-17 32,422 $0.00 102,627 No 4 M Direct
Common Stock Disposition 2025-03-17 14,623 $33.13 88,004 No 4 F Direct
Common Stock Acquisiton 2025-03-17 13,509 $0.00 101,513 No 4 M Direct
Common Stock Disposition 2025-03-17 6,093 $33.13 95,420 No 4 F Direct
Common Stock Disposition 2025-03-18 26,618 $32.70 68,802 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 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 2025-03-17 34,213 $0.00 34,213 $0.00
Common Stock Performance Restricted Stock Unit Disposition 2025-03-17 32,422 $0.00 32,422 $0.00
Common Stock Restricted Stock Unit Disposition 2025-03-17 13,509 $0.00 13,509 $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
0 No 4 M Direct
Footnotes
  1. 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 March 17, 2025.
  2. Shares withheld by the Company to satisfy tax withholding requirements.
  3. 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 final third of the RSUs vested on March 17, 2025.
  4. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 13, 2024.
  5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.82 - $33.21, 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.