Form 4: Leonardo DRS Executive Baylouny Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
EVP and COO John Baylouny reports the vesting and subsequent tax-related disposal of performance and restricted stock units, affecting his beneficial ownership of Leonardo DRS shares.
Summary
- On March 17, 2025, John Baylouny, EVP and COO of Leonardo DRS, had performance restricted stock units (PRSUs) and restricted stock units (RSUs) vest.
- Following the vesting, shares were acquired and then a portion was disposed of to cover tax withholding requirements.
- Specifically, 41,698 PRSUs vested, resulting in the acquisition of 41,698 shares of common stock.
- Additionally, 39,514 PRSUs vested, resulting in the acquisition of 39,514 shares of common stock.
- Furthermore, 16,465 RSUs vested, resulting in the acquisition of 16,465 shares of common stock.
- To satisfy tax obligations, 14,395 shares were withheld at a price of $33.13 per share.
- An additional 17,821 shares were withheld at a price of $33.13 per share to satisfy tax obligations.
- Also, 7,426 shares were withheld at a price of $33.13 per share to satisfy tax obligations.
- After these transactions, Baylouny directly owns 129,311 shares of Leonardo DRS common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders may be interested in tracking executive stock ownership as it can align management's interests with theirs.
- The transactions have a minimal impact on the overall market capitalization of the company.
Key Dates
| Date | Description |
|---|---|
| 06/21/2022 | Date of the Agreement and Plan of Merger among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd. |
| 03/17/2025 | Date of transaction: vesting of performance restricted stock units and restricted stock units. |
| 03/19/2025 | Date of filing of the Form 4. |
Keywords
Form 4, Beneficial Ownership, Leonardo DRS, DRS, John Baylouny, Stock Units, Vesting, Tax Withholding, EVP, COO
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