Leonardo DRS (DRS) tax and treasury chief sells 3,865 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leonardo DRS, Inc. executive vice president and Chief Tax and Treasury Officer Jason Rinsky sold 3,865 shares of common stock in an open-market transaction at a price of $45.37 per share. The transaction reflects a discretionary sale of existing shares.
After the sale, Rinsky directly holds 27,445 shares of Leonardo DRS common stock. The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2026, indicating the timing was set in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,865 shares ($175,355)
Net Sell
1 txn
Insider
Rinsky Jason
Role
EVP Chief Tax and Treasury
Sold
3,865 shs ($175K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,865 | $45.37 | $175K |
Holdings After Transaction:
Common Stock — 27,445 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,865 shares
Sale price: $45.37 per share
Shares held after sale: 27,445 shares
+2 more
5 metrics
Shares sold
3,865 shares
Open-market sale of common stock
Sale price
$45.37 per share
Execution price for the reported sale
Shares held after sale
27,445 shares
Direct ownership post-transaction
Shares sold (net)
3,865 shares
Net-sell direction in transaction summary
Trading plan adoption date
March 4, 2026
Rule 10b5-1 plan adoption for this sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Leonardo DRS (DRS) report for Jason Rinsky?
Leonardo DRS reported that executive vice president Jason Rinsky sold 3,865 shares of common stock. The sale was an open-market transaction at a price of $45.37 per share, as disclosed in a Form 4 insider trading report filed with regulators.
What role does Jason Rinsky hold at Leonardo DRS (DRS)?
Jason Rinsky serves as executive vice president and Chief Tax and Treasury Officer at Leonardo DRS. His position is identified in the Form 4, which reports his open-market sale of 3,865 shares of company common stock and his remaining direct share ownership.