Filing Details
- Accession Number:
- 0001127602-25-011411
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-04-03 16:26:39
- Reporting Period:
- 2025-04-01
- Filing Date:
- 2025-04-03
- Accepted Time:
- 2025-04-03 16:26:39
- 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 |
|---|---|---|---|---|---|---|---|
| 1849659 | Pamela Morrow | C/O Leonardo Drs, Inc., 2345 Crystal Dr. Arlington VA 22202 | Svp And Controller | 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 | 2025-04-01 | 3,237 | $0.00 | 20,572 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-04-01 | 1,262 | $32.87 | 19,310 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2025-04-01 | 2,517 | $0.00 | 21,827 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-04-01 | 1,183 | $32.87 | 20,644 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2025-04-02 | 2,150 | $31.82 | 18,494 | 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 | Restricted Stock Unit | Disposition | 2025-04-01 | 3,237 | $0.00 | 3,237 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2025-04-01 | 2,517 | $0.00 | 2,517 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,790 | No | 4 | M | Direct | ||
| 8,273 | No | 4 | M | Direct |
Footnotes
- 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.
- Shares withheld by the Company to satisfy tax withholding requirements.
- 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.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2024.
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