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Leonardo DRS (NYSE: DRS) director gains 649 shares from RSU vesting

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

Rhea-AI Filing Summary

Leonardo DRS, Inc. director Jeffery Reuben III acquired 649 shares of common stock through the vesting and conversion of an equal number of restricted stock units. These RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan as part of his prorated annual retainer fee.

Following the RSU conversion on June 4, 2026, Reuben directly held 25,649 shares of Leonardo DRS common stock. The transaction reflects equity-based compensation rather than an open‑market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Jeffery Reuben III
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 649 $0.00 --
Exercise Common Stock 649 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 25,649 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs converted 649 shares Restricted stock units converted to common stock on June 4, 2026
Shares after transaction 25,649 shares Common stock directly held by Jeffery Reuben III after RSU vesting
RSU exercise price $0.00 per unit Conversion of 649 restricted stock units into common stock
Equity awards exercised 1 transaction, 649 shares Exercise or conversion of derivative security (code M) on June 4, 2026
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 prorated annual retainer fee..."
contingent right financial
"...represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof."
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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*
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)
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)649A$025,649D
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)06/04/2026M649 (1) (1)Common Stock649$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 prorated 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 did Leonardo DRS (DRS) director Jeffery Reuben report in this Form 4?

Director Jeffery Reuben III reported acquiring 649 shares of Leonardo DRS common stock. The shares came from the vesting and conversion of 649 restricted stock units granted as part of his prorated annual retainer fee.

How many Leonardo DRS (DRS) shares does Jeffery Reuben hold after this transaction?

After the RSU conversion, Jeffery Reuben III directly holds 25,649 shares of Leonardo DRS common stock. This total reflects his position following the June 4, 2026 equity compensation transaction reported in the Form 4.

Was this Leonardo DRS (DRS) insider transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It reflects the exercise and conversion of 649 restricted stock units into common shares at a price of $0.00 per unit as part of equity compensation.

What is the source of the 649 RSUs reported for Leonardo DRS (DRS)?

The 649 restricted stock units were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. They formed part of the equity component of Jeffery Reuben’s prorated annual retainer fee as a director of the company.

When did the Leonardo DRS (DRS) restricted stock units vest for Jeffery Reuben?

The restricted stock units vested on June 4, 2026. On that date, 649 RSUs converted into 649 shares of Leonardo DRS common stock, which were reported in the insider transaction filing as an acquisition.