Wallace Sally's Form 4 filing
Leonardo DRS, Inc. (DRS) · filed Dec 3, 2024
- Accession no.
- 0001127602-24-028536
- Filed
- Dec 3, 2024
- Trade date
- Nov 29-Dec 2, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $151.0K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Wallace SallyCIK 0001849652 | Officer (EVP, Business Operations) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 29, 2024 | Common Stock | MOption exerciseAcquired | +20,143 | $0.00F1 | $0 | 37,229 | Direct | |
| Nov 29, 2024 | Common Stock | FTax withholdingDisposed | −9,730 | $34.77 | −$338,312.1 | 27,499 | Direct | |
| Nov 29, 2024 | Common Stock | MOption exerciseAcquired | +13,429 | $0.00F3 | $0 | 40,928 | Direct | |
| Nov 29, 2024 | Common Stock | FTax withholdingDisposed | −6,487 | $34.77 | −$225,552.99 | 34,441 | Direct | |
| Dec 2, 2024 | Common Stock | SSaleDisposed | −4,339 | $34.81 | −$151,040.59 | 30,102 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 29, 2024 | Common Stock | MOption exerciseDisposed | −20,143 | $0.00 | $0 | 0 | Direct | |
| Nov 29, 2024 | Common Stock | MOption exerciseDisposed | −13,429 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
Referenced by the price of 1 transaction in Table I.
- F3
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.
Referenced by the price of 1 transaction in Table I.