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

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

Rhea-AI Filing Summary

Leonardo DRS, Inc. director Louis R. Brothers Jr. exercised restricted stock units that were part of his equity retainer and received 3,556 shares of common stock on June 4, 2026. These RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan and vested on that date.

After the transaction, Brothers directly holds 24,316 shares of common stock. The filing shows a routine compensation-related equity conversion, with no open-market purchases or sales reported in this Form 4.

Positive

  • None.

Negative

  • None.
Insider Brothers Louis R Jr
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 — 24,316 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs converted 3,556 shares Restricted stock units exercised into common stock on June 4, 2026
Shares held after transaction 24,316 shares Common stock directly owned after RSU conversion
RSU grant price $0.00 per unit Exercise/conversion price for restricted stock units
Exercise transactions 1 exercise, 3,556 shares Derivative exercise count and shares from transaction summary
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 RSU was granted under the Issuer's 2022 Omnibus Equity Compensation Plan as part of the equity component..."
annual retainer fee financial
"as part of the equity component of the Reporting Person's annual retainer fee..."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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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*
Brothers Louis R Jr
(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$024,316D
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 insider transaction did Leonardo DRS (DRS) report for Louis R. Brothers Jr.?

Leonardo DRS reported that director Louis R. Brothers Jr. exercised 3,556 restricted stock units into common shares. This was a compensation-related equity conversion, not an open-market trade, reflecting the vesting of previously granted RSUs under the company’s equity plan.

How many Leonardo DRS (DRS) shares does Louis R. Brothers Jr. hold after this Form 4?

After the RSU conversion, Louis R. Brothers Jr. directly holds 24,316 shares of Leonardo DRS common stock. This total reflects his position immediately following the exercise of 3,556 restricted stock units reported in the Form 4 filing.

What equity plan governed the RSUs exercised in this Leonardo DRS (DRS) Form 4?

The restricted stock units were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. They were issued as part of the equity component of Brothers’ annual retainer fee and later converted into common shares when the units vested.

Were the Leonardo DRS (DRS) insider transactions open-market buys or sells?

No open-market buys or sells were reported. The Form 4 shows a derivative exercise: 3,556 restricted stock units converted into common stock upon vesting, categorized as an acquisition through an equity award rather than a market purchase or sale.

When did the restricted stock units for Leonardo DRS (DRS) vest and convert?

The restricted stock units vested on June 4, 2026. Upon vesting, 3,556 RSUs converted into an equal number of Leonardo DRS common shares, as disclosed in the Form 4 insider transaction report for director Louis R. Brothers Jr.