Form 4: Leonardo DRS Director Exercises Restricted Stock Units
SEC Form 4 Filing
Director David W. Carey exercised 6,438 restricted stock units (RSUs) for Leonardo DRS common stock on May 15, 2025.
Summary
- On May 15, 2025, David W. Carey, a director of Leonardo DRS, Inc., exercised 6,438 restricted stock units (RSUs).
- The RSUs were granted under the company's 2022 Omnibus Equity Compensation Plan as part of the equity component of the director's annual retainer fee.
- Each RSU represents a contingent right to receive one share of Leonardo DRS common stock or the cash equivalent.
- The RSUs vested on May 15, 2025.
- Following the transaction, Carey directly owns 30,320 shares of Leonardo DRS common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, neither particularly positive nor negative. It reflects standard executive compensation practices.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade in their company's stock. This filing indicates a transaction by a director at Leonardo DRS.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction and vesting of restricted stock units. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Leonardo DRS, Director, DRS, Restricted Stock Units, RSU, Equity Compensation, Beneficial Ownership, Form 4
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