Form 4: Leonardo DRS SVP and Controller, Pamela Morrow, Reports Stock Transactions

Pamela Morrow, SVP and Controller of Leonardo DRS, reports the vesting and sale of common stock and performance restricted stock units (PRSUs) on March 17 and 18, 2025.

Summary

• Pamela Morrow, SVP and Controller of Leonardo DRS, filed a Form 4 detailing changes in beneficial ownership.
• On March 17, 2025, Morrow's performance restricted stock units (PRSUs) vested, resulting in the acquisition of 8,553 and 8,106 shares of common stock.
• Additionally, restricted stock units (RSUs) vested, leading to the acquisition of 3,378 shares of common stock on the same date.
• The company withheld shares to satisfy tax obligations, resulting in the disposal of 2,826, 2,532, and 1,055 shares at a price of $33.13.
• On March 18, 2025, Morrow sold 8,854 shares of common stock at a price of $32.84.
• Following these transactions, Morrow beneficially owns 17,335 shares of Leonardo DRS common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an insider, which is a routine occurrence. There is no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding their trading activities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Leonardo DRS, Pamela Morrow, Stock Transactions, Beneficial Ownership, PRSUs, RSUs, Vesting, Sale, Rule 10b5-1