Leonardo DRS CEO logs RSU vesting, tax withholding
Leonardo DRS, Inc. President and CEO John Baylouny reported multiple equity compensation transactions on April 1, 2026.
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Form Type
4
Rhea-AI Filing Summary
Leonardo DRS, Inc. President and CEO John Baylouny reported multiple equity compensation transactions on April 1, 2026. He exercised or converted performance and time-based restricted stock units into a total of 26,960 shares of common stock and received additional stock awards as part of his compensation.
To cover tax obligations, 42,016 shares of common stock were withheld by the company at prices around $45.85 per share, which is a tax-withholding mechanism rather than an open-market sale. After these exercises, awards, and withholdings, he directly holds 158,906 shares of Leonardo DRS common stock.
Insider Trade Summary
26,960 shares exercised/converted
Exercise
13 txns
Insider
Baylouny John
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 12,627 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 8,325 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 6,008 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 40,681 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,555 | $45.86 | $805K |
| Grant/Award | Common Stock | 27,274 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,301 | $45.85 | $564K |
| Exercise | Common Stock | 12,627 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,695 | $45.86 | $261K |
| Exercise | Common Stock | 8,325 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,755 | $45.86 | $172K |
| Exercise | Common Stock | 6,008 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,710 | $45.86 | $124K |
Holdings After Transaction:
Restricted Stock Unit — 20,345 contracts (Direct);
Common Stock — 158,906 shares (Direct)
Footnotes (6)
- F1. Represents performance restricted stock units ("PRSUs") awarded in April 2023 under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan") for the performance period January 1, 2023 through December 31, 2025, for which performance goals have been achieved and certified on February 19, 2026. Each PRSU represents the right to one share of the Issuer's common stock. The PRSUs vested on April 1, 2026.
- F2. Shares withheld by the Issuer to satisfy tax withholding requirements.
- F3. Represents PRSUs awarded in April 2023 under the Plan for the performance period January 1, 2023 through December 31, 2025, for which performance goals have been achieved and certified on February 19, 2026. Each PRSU represents the right to one share of the Issuer's common stock. The PRSUs vested on April 1, 2026.
- F4. Each restricted stock unit ("RSU") 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. One-third of the RSUs vested on each of April 1, 2024 and April 1, 2025. The remaining RSUs vested one-third on April 1, 2026.
- F5. Each RSU 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. One-third of the RSUs vested on each of April 1, 2025 and April 1, 2026. The remaining one-third of RSUs are scheduled to vest on April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through such date. The number of RSUs that vest on each of April 1, 2025 and April 1, 2026 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2027.
- F6. Each RSU 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. One-third of the RSUs vested on April 1, 2026. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2027 and April 1, 2028, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of April 1, 2026 and April 1, 2027 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2028.
Key Figures
RSU/PRSU shares exercised: 26,960 shares
Tax-withheld shares: 42,016 shares
Tax withholding prices: $45.86 and $45.85 per share
+3 more
6 metrics
RSU/PRSU shares exercised
26,960 shares
Restricted stock units and performance units converted on April 1, 2026
Tax-withheld shares
42,016 shares
Shares withheld to satisfy tax obligations on April 1, 2026
Tax withholding prices
$45.86 and $45.85 per share
Prices used for F-code tax-withholding share dispositions
New stock awards
67,955 shares
Common stock grants recorded with code A at $0.00 per share
Shares held after transactions
158,906 shares
Direct common stock ownership after April 1, 2026 activity
Individual RSU exercises
12,627; 8,325; 6,008 shares
Three RSU/PRSU tranches exercised into common stock
Key Terms
performance restricted stock units, PRSUs, restricted stock unit ("RSU"), Omnibus Equity Compensation Plan, +1 more
5 terms
performance restricted stock units financial
"Represents performance restricted stock units ("PRSUs") awarded in April 2023 under the Issuer's 2022 Omnibus Equity Compensation Plan"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
PRSUs financial
"Each PRSU represents the right to one share of the Issuer's common stock"
A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share"
Omnibus Equity Compensation Plan financial
"awarded in April 2023 under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan")"
tax withholding requirements financial
"Shares withheld by the Issuer to satisfy tax withholding requirements"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Leonardo DRS (DRS) CEO John Baylouny report?
John Baylouny reported equity compensation activity on April 1, 2026. He exercised restricted stock units into common shares, received new stock awards, and had shares withheld to cover taxes, all under the company’s equity compensation plan rather than through market purchases or sales.
Were any of the Leonardo DRS (DRS) CEO’s transactions open-market sales?
No open-market sales were reported. Shares labeled with transaction code F, totaling 42,016, were withheld by Leonardo DRS to satisfy tax withholding requirements at prices around $45.85 per share. This tax withholding is a non-market disposition tied to equity award vesting.
What new stock awards did the Leonardo DRS (DRS) CEO receive on April 1, 2026?
He received two grants of common stock totaling 67,955 shares, recorded with transaction code A at zero price per share. These represent stock awards under the company’s equity compensation plan, separate from the RSUs and PRSUs that vested and were converted into shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
