0001127602-24-012359.txt : 20240403 0001127602-24-012359.hdr.sgml : 20240403 20240403181627 ACCESSION NUMBER: 0001127602-24-012359 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Baylouny John CENTRAL INDEX KEY: 0001397134 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41565 FILM NUMBER: 24820632 MAIL ADDRESS: STREET 1: C/O OCEAN POWER TECHNOLOGIES, INC. STREET 2: 1590 REED ROAD CITY: PENNINGTON STATE: NJ ZIP: 08534 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Leonardo DRS, Inc. CENTRAL INDEX KEY: 0001833756 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 132632319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2345 CRYSTAL DRIVE STREET 2: SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 BUSINESS PHONE: (703) 416-8000 MAIL ADDRESS: STREET 1: 2345 CRYSTAL DRIVE STREET 2: SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 4 1 form4.xml PRIMARY DOCUMENT X0508 4 2024-04-01 0001833756 Leonardo DRS, Inc. DRS 0001397134 Baylouny John C/O LEONARDO DRS, INC. ARLINGTON VA 22202 1 EVP and COO 0 Common Stock 2024-04-01 4 M 0 12626 0 A 35421 D Common Stock 2024-04-01 4 F 0 4145 21.52 D 31276 D Restricted Stock Unit 2024-04-01 4 M 0 12626 0 D Common Stock 12626 25253 D Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation 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 April 1, 2024. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2025 and 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 shall be 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. /s/ Katherine A. Krebel, Attorney-in-Fact 2024-04-03