Form 4: Leonardo DRS Executive Sally Wallace Reports Stock Transactions

EVP Sally Wallace reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of Leonardo DRS stock.

Summary

• On March 15, 2024, Sally Wallace, EVP of Business Operations at Leonardo DRS, had 9,456 restricted stock units (RSUs) vest under the company's 2022 Omnibus Equity Compensation Plan.
• These RSUs represent a contingent right to receive common stock or the cash equivalent.
• A portion of the vested RSUs were used to satisfy tax withholding requirements, resulting in the disposal of 3,291 shares at a price of $21.97.
• Following these transactions, Wallace directly owns 12,249 shares of common stock and 9,457 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.

Future Outlook

The remaining one-third of the RSUs will vest on March 15, 2025, subject to the Reporting Person's continued employment with the Issuer through each date.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates