Director at Leonardo DRS (NYSE: DRS) converts 3,556 RSUs into common stock

Rhea-AI Filing Summary

Leonardo DRS, Inc. director Mary E. Gallagher exercised restricted stock units into common shares as part of her board compensation. She converted 3,556 RSUs, each representing one share of common stock or its cash equivalent, granted under the company’s 2022 Omnibus Equity Compensation Plan. The RSUs vested on June 4, 2026, and following the exercise she directly holds 33,876 shares of Leonardo DRS common stock. This is a compensation-related equity grant, not an open-market purchase or sale.

Insider Trade Summary

3,556 shares exercised/converted

Mixed 2 txns

Insider GALLAGHER MARY E

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 — 33,876 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs exercised: 3,556 shares Shares held after: 33,876 shares Exercise transactions: 1 transaction +1 more

4 metrics

RSUs exercised 3,556 shares Restricted stock units converted to common stock on June 4, 2026

Shares held after 33,876 shares Mary E. Gallagher’s direct common stock holdings following the transaction

Exercise transactions 1 transaction Derivative exercise count in transaction summary

Exercised derivative shares 3,556 shares ExerciseShares in transaction summary for code M

Key Terms

Restricted Stock Unit, 2022 Omnibus Equity Compensation Plan, annual retainer fee, derivative security

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..."

annual retainer fee financial

"...as part of the equity component of the Reporting Person's annual retainer fee..."

derivative security financial

"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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

GALLAGHER MARY E

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		M(1)		3,556	A	$0	33,876	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	06/04/2026		M			3,556	(1)	(1)	Common Stock	3,556	$0	0	D

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-Fact	06/05/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did Leonardo DRS (DRS) report for Mary E. Gallagher?

Leonardo DRS reported that director Mary E. Gallagher exercised 3,556 restricted stock units into common shares. This was a compensation-related equity conversion under the company’s 2022 Omnibus Equity Compensation Plan, not an open-market purchase or sale of stock.

How many Leonardo DRS (DRS) shares does Mary E. Gallagher hold after this Form 4?

After the transaction, Mary E. Gallagher directly holds 33,876 shares of Leonardo DRS common stock. This total reflects the addition of 3,556 shares received from vesting and conversion of restricted stock units granted as part of her annual retainer compensation.

What are the terms of the restricted stock units reported for Leonardo DRS (DRS)?

Each restricted stock unit represents a contingent right to receive one Leonardo DRS common share or its cash equivalent. The RSUs were granted under the 2022 Omnibus Equity Compensation Plan as part of the director’s annual retainer fee and vested on June 4, 2026.

Was the Leonardo DRS (DRS) Form 4 an open-market stock purchase or sale?

No, the Form 4 reflects a derivative exercise, not an open-market trade. Mary E. Gallagher converted 3,556 restricted stock units into common shares as part of her equity compensation, with no reported open-market buying or selling associated with this filing.

What does the transaction code “M” mean in the Leonardo DRS (DRS) Form 4?

The “M” code in the Form 4 indicates an exercise or conversion of a derivative security. In this case, 3,556 restricted stock units granted under the 2022 Omnibus Equity Compensation Plan were converted into an equal number of Leonardo DRS common shares upon vesting.