0001628280-22-031008.txt : 20221130 0001628280-22-031008.hdr.sgml : 20221130 20221130074744 ACCESSION NUMBER: 0001628280-22-031008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221129 FILED AS OF DATE: 20221130 DATE AS OF CHANGE: 20221130 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wallace Sally CENTRAL INDEX KEY: 0001849652 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41565 FILM NUMBER: 221434328 MAIL ADDRESS: STREET 1: C/O LEONARDO DRS, INC. STREET 2: 2345 CRYSTAL DRIVE, SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Leonardo DRS, Inc. CENTRAL INDEX KEY: 0001833756 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 132632319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2345 CRYSTAL DRIVE STREET 2: SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 BUSINESS PHONE: (703) 416-8000 MAIL ADDRESS: STREET 1: 2345 CRYSTAL DRIVE STREET 2: SUITE 1000 CITY: ARLINGTON STATE: VA ZIP: 22202 4 1 wf-form4_166981245038189.xml FORM 4 X0306 4 2022-11-29 0 0001833756 Leonardo DRS, Inc. DRS 0001849652 Wallace Sally C/O LEONARDO DRS, INC. 2345 CRYSTAL DRIVE ARLINGTON VA 22202 0 1 0 0 EVP, Business Operations Restricted Stock Unit 2022-11-29 4 A 0 13429 0 A Common Stock 13429.0 13429 D Performance Restricted Stock Unit 2022-11-29 4 A 0 20143 0 A Common Stock 20143.0 20143 D Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan"), and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs were granted to the Reporting Person in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd (the "Merger"). The RSUs are scheduled to vest on the second anniversary of the grant date and have no expiration date. Each performance restricted stock unit ("PRSU") was granted under the Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The PRSUs were granted to the Reporting Person in connection with the closing of the Merger. The target number of PRSUs is presented in the table. The PRSUs are scheduled to vest over a period of two years, and the number of PRSUs actually earned will be determined based upon the achievement of certain predetermined performance targets and have no expiration date. See Exhibit 24 - Power of Attorney. /s/ Katherine Krebel, Attorney-in-Fact 2022-11-29 EX-24 2 ex-24.htm WALLACE SALLY A.

LIMITED POWER OF ATTORNEY FOR SECTION 16 REPORTING OBLIGATIONS
Know all by these presents, that the undersigned hereby constitutes and appoints Katherine Krebel the undersigned's true and lawful attorney-in-fact to:
1.    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer or director or both of Leonardo DRS, Inc. (the "Company"), Forms 3, 4 and 5 (and any amendments thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder, and any Form 144 under the Securities Act of 1933, as amended;
2.    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, 5 or Form 144 Notice, complete and execute any amendments thereto, and timely file such form with the Securities and Exchange Commission (the "SEC") and any securities exchange or similar authority, including without limitation the filing of a Form ID or any other documents necessary or appropriate to enable the undersigned to file the Forms 3, 4, 5 or Form 144 with the SEC;
3.    seek or obtain, as the undersigned's representative and on the undersigned's behalf, information on transactions in the Company's securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned's attorney-in-fact appointed by this Limited Power of Attorney and approves and ratifies any such release of information; and
4.    take any other action in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by or for, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants the attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever required, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming the attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request and on the behalf of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with, or any liability for the failure to comply with, any provision of Section 16 of the Exchange Act.
This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, 5 and 144 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.


IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 23rd day of February, 2021.

By: /s/ Sally A. Wallace
__________________________
Name: Sally A. Wallace