0001127602-24-028541.txt : 20241203 0001127602-24-028541.hdr.sgml : 20241203 20241203180525 ACCESSION NUMBER: 0001127602-24-028541 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241129 FILED AS OF DATE: 20241203 DATE AS OF CHANGE: 20241203 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lynn William III CENTRAL INDEX KEY: 0001850774 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41565 FILM NUMBER: 241524050 MAIL ADDRESS: STREET 1: C/O LEONARDO DRS, INC. STREET 2: 2345 CRYSTAL DRIVE, SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 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 2024-11-29 0001833756 Leonardo DRS, Inc. DRS 0001850774 Lynn William III C/O LEONARDO DRS, INC., 2345 CRYSTAL DR. ARLINGTON VA 22202 1 1 Chief Executive Officer 1 Common Stock 2024-11-29 4 M 0 214286 0 A 316009 D Common Stock 2024-11-29 4 F 0 107358 34.77 D 208651 D Common Stock 2024-11-29 4 M 0 142858 0 A 351509 D Common Stock 2024-11-29 4 F 0 71572 34.77 D 279937 D Common Stock 2024-12-02 4 S 0 45000 34.07 D 234937 D Performance Restricted Stock Unit 2024-11-29 4 M 0 214286 0 D Common Stock 214286 0 D Restricted Stock Unit 2024-11-29 4 M 0 142858 0 D Common Stock 142858 0 D 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 the Reporting Person on August 27, 2024. The price reported is a weighted average price (rounded to the nearest whole cent). These shares were sold in multiple transactions at prices ranging from $33.60 - $35.40, 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. /s/ Katherine A. Krebel, Attorney-in-Fact 2024-12-03