COO Sally Wallace sells 28,960 shares (29.0K) of Leonardo DRS at $46.35; holds 58,353 post-sale in $12.3B defense contractor
COO Sally Wallace executed a single open-market sale of 28,960 shares at $46.35 on 2026-04-02, reducing her holdings by 33.2% from 87.3K to 58.4K shares and realizing $1.3M in proceeds. The transaction occurred at a price 0.1% above the current market price of $46.30 and within the 52-week range, during a period of strong recent momentum: the stock has risen 33.1% over 90 days and 1.7% over 30 days. At a P/E of 37.34 and market cap of $12.3B, Leonardo DRS trades at a premium valuation, though the company shows solid fundamentals with $960.0M in quarterly revenue, $72.0M net income, and 12.8% annual revenue growth. The one-third reduction in the COO's stake merits attention given her operational role and the magnitude of the reduction, though the absence of coordinated insider activity or prior trading patterns limits the scope of inference to this officer's personal transaction.