Form 4: Leonardo DRS Director Frances F. Townsend Reports Stock Transaction
SEC Form 4 Filing
Director Frances F. Townsend reports the vesting and subsequent disposal of restricted stock units (RSUs) of Leonardo DRS, Inc.
Summary
- On May 15, 2025, Director Frances F. Townsend vested 6,438 Restricted Stock Units (RSUs) of Leonardo DRS, Inc.
- These RSUs, granted under the 2022 Omnibus Equity Compensation Plan, represent a contingent right to receive one share of common stock or the cash equivalent.
- The vested RSUs were subsequently disposed of at a price of $0.
- Following the transaction, Townsend still beneficially owns 30,320 shares of Leonardo DRS, Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company director, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting and disposal of RSUs granted as part of director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of RSU vesting and disposal |
| 05/16/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Leonardo DRS, Director, RSU, Stock Transaction, Beneficial Ownership, Townsend
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