Leonardo DRS (DRS) director receives 649 RSU equity award in Form 4 filing

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Jeffery Reuben III reported acquisition or exercise transactions in this Form 4 filing.

Leonardo DRS director Jeffery Reuben III received a grant of 649 restricted stock units (RSUs) tied to company common stock. The RSUs were awarded on April 1, 2026 under the 2022 Omnibus Equity Compensation Plan and will vest in full on June 4, 2026, if he continues serving on the board.

Each RSU represents a contingent right to receive one share of Leonardo DRS, Inc. common stock. Following this grant, his reported derivative holdings from this award total 649 RSUs, reflecting standard equity-based director compensation rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jeffery Reuben III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	649	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 649 shares (Direct)

Footnotes (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 April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on June 4, 2026, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.

Key Figures

RSUs granted: 649 units Underlying common shares: 649 shares Grant price per RSU: $0.0000 +3 more

6 metrics

RSUs granted 649 units Restricted stock units awarded on April 1, 2026

Underlying common shares 649 shares Each RSU equals one share of common stock

Grant price per RSU $0.0000 Compensation grant, not open-market purchase

RSUs after transaction 649 units Total derivative holdings from this award following grant

Grant date April 1, 2026 Date RSUs were awarded under 2022 plan

Vesting date June 4, 2026 RSUs vest in full if board service continues

Key Terms

Restricted Stock Unit, 2022 Omnibus Equity Compensation Plan, vest in full

3 terms

Restricted Stock Unit financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

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 RSUs were granted on April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan."

vest in full financial

"The RSUs will vest in full on June 4, 2026, subject to the Reporting Person's continued service"

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 04:44 PM

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
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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^*

Jeffery Reuben III

(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)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	04/01/2026		A		649		⁽²⁾	⁽²⁾	Common Stock	649	$0	649	D

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 April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on June 4, 2026, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.

Remarks:

	/s/ Oriana D. Pietrangelo, Attorney-In-Fact	04/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Leonardo DRS (DRS) director Jeffery Reuben receive in this Form 4 filing?

Jeffery Reuben III received a grant of 649 restricted stock units (RSUs). These RSUs were awarded as equity compensation and each unit represents a contingent right to receive one share of Leonardo DRS common stock, subject to future vesting conditions tied to his board service.

When do Jeffery Reuben’s 649 Leonardo DRS (DRS) RSUs vest?

The 649 RSUs granted to Jeffery Reuben vest in full on June 4, 2026. Vesting is contingent on his continued service as a member of Leonardo DRS’s Board of Directors through that date, aligning the equity award with ongoing governance responsibilities.

Is Jeffery Reuben’s Form 4 transaction in Leonardo DRS (DRS) a stock purchase or sale?

The Form 4 shows an equity grant, not a market trade. Jeffery Reuben received 649 RSUs at a stated price of $0.0000 per unit, reflecting compensation rather than an open-market stock purchase or sale, and the units will convert into shares only upon vesting.

What does each Leonardo DRS (DRS) RSU granted to Jeffery Reuben represent?

Each restricted stock unit represents a contingent right to receive one share of Leonardo DRS common stock. The award does not deliver shares immediately; actual shares are issued only after the RSUs vest, assuming the director meets the service-based vesting condition.

Under which plan were Jeffery Reuben’s Leonardo DRS (DRS) RSUs granted?

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