Leonardo DRS (DRS) awards 5,887 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rinsky Jason reported acquisition or exercise transactions in this Form 4 filing.
Leonardo DRS, Inc. reported that EVP Chief Tax and Treasury Jason Rinsky received a grant of 5,887 restricted stock units as equity compensation. Each RSU represents a contingent right to one share of common stock or its cash equivalent. The RSUs vest one-third annually on April 1 of 2027, 2028 and 2029, subject to his continued employment, with earlier vesting amounts rounded down and the remainder vesting in 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rinsky Jason
Role
EVP Chief Tax and Treasury
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 5,887 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,887 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 5,887 units
RSU grant price: $0.0000 per unit
Underlying common shares: 5,887 shares
+3 more
6 metrics
RSUs granted
5,887 units
Restricted stock units granted to EVP Chief Tax and Treasury
RSU grant price
$0.0000 per unit
Grant/award acquisition, compensation-related
Underlying common shares
5,887 shares
Each RSU equals one share of common stock or cash equivalent
Vesting date 1
April 1, 2027
First one-third of RSUs scheduled to vest, rounded down
Vesting date 2
April 1, 2028
Second one-third of RSUs scheduled to vest, rounded down
Final vesting date
April 1, 2029
Remaining RSUs scheduled to vest, after rounding on earlier dates
Key Terms
Restricted Stock Unit, 2022 Omnibus Equity Compensation Plan, contingent right, vest
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2022 Omnibus Equity Compensation Plan financial
"Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan"
contingent right financial
"represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof"
vest financial
"The RSUs are scheduled to vest one-third annually on each of April 1, 2027, April 1, 2028 and April 1, 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Leonardo DRS (DRS) report for Jason Rinsky?
Leonardo DRS reported that EVP Chief Tax and Treasury Jason Rinsky received 5,887 restricted stock units as an equity award. The grant is a compensation-related acquisition, not an open-market stock purchase or sale, and is structured to vest over multiple future years.
How many restricted stock units did Jason Rinsky receive from Leonardo DRS (DRS)?
Jason Rinsky received 5,887 restricted stock units from Leonardo DRS. Each unit represents a contingent right to receive one share of common stock or the cash equivalent, granted under the company’s 2022 Omnibus Equity Compensation Plan as part of his executive compensation.
When do Jason Rinsky’s Leonardo DRS (DRS) RSUs vest?
The restricted stock units are scheduled to vest one-third annually on April 1, 2027, April 1, 2028 and April 1, 2029. Vesting on the first two dates is rounded down, with any remaining units vesting on April 1, 2029, contingent on continued employment.
What does each Leonardo DRS (DRS) RSU granted to Jason Rinsky represent?
Each restricted stock unit represents a contingent right to receive one share of Leonardo DRS common stock or the cash equivalent. Delivery occurs upon vesting, and the award was granted under the company’s 2022 Omnibus Equity Compensation Plan as part of executive compensation.
What employment conditions apply to Jason Rinsky’s Leonardo DRS (DRS) RSU grant?
The RSUs are scheduled to vest only if Jason Rinsky remains employed by Leonardo DRS through each vesting date. Vesting occurs on April 1 of 2027, 2028 and 2029, making continued service a key condition for receiving the underlying shares or cash.