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Leonardo DRS (DRS) grants 3,733 restricted stock units to director Frances Townsend

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

Rhea-AI Filing Summary

TOWNSEND FRANCES F reported acquisition or exercise transactions in this Form 4 filing.

Leonardo DRS director Frances F. Townsend received a grant of 3,733 restricted stock units. Each restricted stock unit, or RSU, represents a contingent right to receive one share of Leonardo DRS common stock, aligning the director’s compensation with future company performance.

The RSUs were granted on May 14, 2026 under the company’s 2022 Omnibus Equity Compensation Plan. They will vest in full on May 14, 2027, provided Townsend continues to serve on the Leonardo DRS Board of Directors through that date, reinforcing a longer-term service and ownership focus.

Positive

  • None.

Negative

  • None.
Insider TOWNSEND FRANCES F
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 3,733 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 3,733 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Issuer. The RSUs were granted on May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on May 14, 2027, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.
RSU grant size 3,733 units Restricted stock units granted to director on May 14, 2026
Underlying shares 3,733 shares Each RSU represents one Leonardo DRS common share
Grant date May 14, 2026 RSUs granted under 2022 Omnibus Equity Compensation Plan
Vesting date May 14, 2027 RSUs vest in full subject to continued board service
Exercise/conversion price $0.00 per unit RSUs represent contingent rights, not purchased for cash
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Issuer."
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Issuer."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2022 Omnibus Equity Compensation Plan financial
"The RSUs were granted on May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan."
vest financial
"The RSUs will vest in full on May 14, 2027, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date."
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.
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)
05/14/2026		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
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)05/14/2026A3,733 (2) (2)Common Stock3,733$03,733D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Issuer.
2. The RSUs were granted on May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on May 14, 2027, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Oriana D. Pietrangelo, Attorney-in-Fact05/18/2026
** 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 Frances F. Townsend acquire in the latest Leonardo DRS (DRS) Form 4?

Frances F. Townsend received a grant of 3,733 restricted stock units from Leonardo DRS. Each RSU represents a contingent right to one share of common stock, providing equity-based compensation tied to future company performance and stock value.

When were the new restricted stock units granted to the Leonardo DRS (DRS) director?

The restricted stock units were granted on May 14, 2026 to director Frances F. Townsend. This grant was made under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan as part of the director’s equity-based compensation package for board service.

When do Frances F. Townsend’s Leonardo DRS (DRS) RSUs vest?

The 3,733 restricted stock units will vest in full on May 14, 2027. Vesting is conditional on Townsend’s continued service as a member of Leonardo DRS’s Board of Directors through that date, encouraging ongoing board involvement and alignment with shareholders.

How many Leonardo DRS (DRS) shares can the new RSUs convert into?

Each restricted stock unit represents a contingent right to receive one Leonardo DRS common share. If all conditions are met and all 3,733 RSUs vest, they would convert into 3,733 shares of the company’s common stock for the reporting person.

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

The RSUs were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. This plan authorizes the company to issue equity-based awards, such as restricted stock units, to directors and other eligible participants as part of their compensation.