Form 4: Leonardo DRS EVP and CFO Michael Dippold Reports Changes in Beneficial Ownership

Michael Dippold, EVP and CFO of Leonardo DRS, reports transactions involving restricted stock units and common stock, resulting in adjustments to his beneficial ownership.

Summary

• On April 1, 2025, Michael Dippold, the EVP and CFO of Leonardo DRS, engaged in transactions involving restricted stock units (RSUs) and common stock.
• These transactions included the vesting of RSUs, the acquisition of common stock upon vesting, and the disposal of shares to cover tax withholding requirements.
• Specifically, 10,360 RSUs vested, resulting in the acquisition of 10,360 shares of common stock.
• Additionally, 6,815 RSUs vested, resulting in the acquisition of 6,815 shares of common stock.
• A total of 4,673 shares were withheld by the company to satisfy tax obligations at a price of $32.87 per share.
• Another 3,074 shares were withheld by the Company to satisfy tax withholding requirements at a price of $32.87 per share.
• Following these transactions, Dippold's directly held beneficial ownership of common stock stands at 78,230 shares and 13,631 RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, which is a normal part of executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The remaining RSUs are scheduled to vest in subsequent years, contingent upon the Reporting Person's continued employment with the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency to investors regarding the ownership stake of company leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Equity compensation is a common practice across the industry, with vesting schedules and tax withholding arrangements similar to those described in the document.
• Comparable companies like RTX, L3Harris, and General Dynamics also have executives who regularly file Form 4s to report changes in their beneficial ownership.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key executive.
• The transactions have a minor impact on the company's outstanding shares due to tax withholding.

Key Dates

Keywords

beneficial ownership, Leonardo DRS, Michael Dippold, Form 4, restricted stock units, common stock, insider trading, EVP, CFO