Leonardo DRS (DRS) EVP sells 7,680 shares under 10b5-1 plan on Jan 5
Rhea-AI Filing Summary
Leonardo DRS, Inc. executive Mark Dorfman, EVP, GC and Secretary, reported a planned stock sale. On 01/05/2026 he sold 7,680 shares of Leonardo DRS common stock at a price of $37 per share, leaving him with 27,680 shares beneficially owned after the transaction.
The filing notes that these sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025, indicating the trades were scheduled in advance rather than made on an ad hoc basis.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Leonardo DRS (DRS) report in this Form 4?
The Form 4 reports that Mark Dorfman, EVP, GC and Secretary of Leonardo DRS, Inc., sold 7,680 shares of the company’s common stock on 01/05/2026.
At what price were the Leonardo DRS (DRS) shares sold and how many shares remain?
The reported transaction shows a sale price of $37 per share. After the sale of 7,680 shares, 27,680 shares of Leonardo DRS common stock were beneficially owned by the reporting person.
Who is the insider involved in this Leonardo DRS (DRS) Form 4 filing?
The insider is Mark Dorfman, who serves as EVP, General Counsel and Secretary of Leonardo DRS, Inc., and he is identified as an officer but not a director or 10% owner.
Was the Leonardo DRS (DRS) insider sale made under a Rule 10b5-1 trading plan?
Yes. The footnote explains that the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025.
Is the Leonardo DRS (DRS) insider transaction reported as a direct or indirect holding?
The filing classifies the holdings as direct ownership (D) of Leonardo DRS common stock by the reporting person following the reported transaction.
What type of security was involved in the Leonardo DRS (DRS) Form 4 transaction?
The transaction involved common stock of Leonardo DRS, Inc.; there were no derivative securities reported in the transaction table.