Form 4: Leonardo DRS Executive Mark Dorfman Reports Stock Transactions

EVP, GC and Secretary of Leonardo DRS, Mark Dorfman, reports the vesting and disposal of restricted stock units to cover tax obligations.

Summary

• Mark Dorfman, EVP, GC and Secretary of Leonardo DRS, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Dorfman vested 7,252 restricted stock units (RSUs) and 4,770 RSUs, both granted under the company's 2022 Omnibus Equity Compensation Plan.
• A portion of the vested shares, 3,503 and 2,304 shares respectively, were withheld by the company to satisfy tax obligations at a price of $32.87 per share.
• Following these transactions, Dorfman directly owns 52,001 shares of common stock and 9,542 restricted stock units.
• The remaining RSUs are scheduled to vest in subsequent years, contingent upon continued employment with Leonardo DRS.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.

Future Outlook

Future vesting of RSUs is contingent upon the Reporting Person's continued employment with the Issuer.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• Shareholders gain insight into executive compensation and stock ownership.
• The company withholds shares to cover tax obligations, impacting its treasury stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Leonardo DRS, DRS, Stock Transactions, Vesting, Tax Withholding, Executive Compensation