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Leonardo DRS (DRS) director Townsend converts 3,556 RSUs to common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Leonardo DRS director Frances F. Townsend exercised 3,556 restricted stock units into an equal number of common shares on June 4, 2026. These RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan as part of her annual director retainer and vested on that date.

After this compensation-related exercise, Townsend holds 34,882 shares of Leonardo DRS common stock directly, and no RSUs from this specific grant remain outstanding. The filing shows no share sales or tax-withholding dispositions associated with this transaction.

Positive

  • None.

Negative

  • None.
Insider TOWNSEND FRANCES F
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 3,556 $0.00 --
Exercise Common Stock 3,556 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 34,882 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs exercised 3,556 shares Restricted Stock Units converted to common stock on June 4, 2026
Shares held after transaction 34,882 shares Total Leonardo DRS common stock directly owned after exercise
Exercise price per RSU $0.00 per unit Compensation-related RSU conversion with no cash exercise price
RSUs remaining from this grant 0 units Derivative RSU position from this specific grant after vesting
Exercise transactions 1 transaction Single derivative exercise/conversion reported in Form 4
Restricted Stock Unit financial
"The filing involves restricted stock units that converted into Leonardo DRS common stock."
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
"The restricted stock units were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan."
annual retainer fee financial
"as part of the equity component of the Reporting Person's annual retainer fee"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TOWNSEND FRANCES F
(Last)(First)(Middle)
C/O LEONARDO DRS, INC.
2345 CRYSTAL DRIVE
(Street)
ARLINGTON VIRGINIA 22202
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Leonardo DRS, Inc. [ DRS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/04/2026M(1)3,556A$034,882D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/04/2026M3,556 (1) (1)Common Stock3,556$00D
Explanation of Responses:
1. Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan as part of the equity component of the Reporting Person's annual retainer fee and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs vested on June 4, 2026.
Remarks:
/s/ Oriana D. Pietrangelo, Attorney-in-Fact06/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Leonardo DRS (DRS) director Frances F. Townsend report in this Form 4?

Frances F. Townsend reported exercising 3,556 restricted stock units into the same number of Leonardo DRS common shares. The transaction reflects routine equity compensation vesting for her director role, with no shares sold or disposed of in this filing.

How many Leonardo DRS (DRS) shares does Frances F. Townsend hold after this transaction?

After the RSU exercise, Frances F. Townsend holds 34,882 Leonardo DRS common shares directly. This total reflects her position immediately following the June 4, 2026 compensation-related transaction disclosed in the Form 4 filing.

What type of securities were involved in Frances F. Townsend’s Leonardo DRS (DRS) Form 4 filing?

The filing involves restricted stock units that converted into Leonardo DRS common stock. Townsend exercised 3,556 RSUs, resulting in 3,556 new common shares, while the related derivative RSU position from this specific grant went to zero afterward.

Was Frances F. Townsend buying or selling Leonardo DRS (DRS) shares in the market?

She was not buying or selling shares in the open market. The Form 4 shows an exercise of 3,556 restricted stock units into common shares as equity compensation, with no market sales, gifts, or tax-withholding dispositions reported in this transaction.

Under which plan were the Leonardo DRS (DRS) RSUs granted to Frances F. Townsend?

The restricted stock units were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. They formed part of the equity component of Townsend’s annual director retainer and vested on June 4, 2026, when they converted into common shares.