Do Sally Wallace’s Leonardo DRS (DRS) RSUs equal one share each?

Each restricted stock unit represents the right to receive one share of Leonardo DRS common stock or the cash equivalent. The actual delivery occurs upon vesting, provided the continued employment conditions are satisfied on the applicable vesting dates.

[Form 4] Leonardo DRS, Inc. Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Wallace Sally reported acquisition or exercise transactions in this Form 4 filing.

Leonardo DRS, Inc. Executive Vice President and Chief Operating Officer Sally Wallace received a grant of 7,359 restricted stock units as equity compensation. Each RSU represents a right to receive one share of common stock or its cash equivalent.

The RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan and are scheduled to vest in three annual installments. One-third is set to vest on each of April 1, 2027 and April 1, 2028, with the remainder vesting on April 1, 2029, subject to her continued employment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wallace Sally

Role EVP, Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	7,359	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 7,359 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 7,359 units Underlying common stock: 7,359 shares Post-grant RSU holdings: 7,359 units +3 more

6 metrics

RSUs granted 7,359 units Equity award to EVP & COO Sally Wallace

Underlying common stock 7,359 shares One share per RSU upon settlement

Post-grant RSU holdings 7,359 units Total RSUs reported following this grant

First vesting date April 1, 2027 One-third of RSUs vest

Second vesting date April 1, 2028 One-third of RSUs vest, rounded down

Final vesting date April 1, 2029 Remaining RSUs vest

Key Terms

Restricted Stock Unit, 2022 Omnibus Equity Compensation Plan, vest, cash equivalent

4 terms

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"

vest financial

"The RSUs are scheduled to vest one-third annually on each of April 1, 2027, April 1, 2028 and April 1, 2029"

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.

cash equivalent financial

"represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof"

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 05:59 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
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^*

Wallace Sally

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

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⁾	04/09/2026		A		7,359		⁽¹⁾	⁽¹⁾	Common Stock	7,359	$0	7,359	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs are scheduled to vest one-third annually on each of April 1, 2027, April 1, 2028 and April 1, 2029, 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, 2027 and April 1, 2028 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2029.

Remarks:

	/s/ Oriana D. Pietrangelo, Attorney-in-Fact	04/09/2026
	** 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) disclose about Sally Wallace’s latest equity award?

Leonardo DRS disclosed that EVP and COO Sally Wallace received 7,359 restricted stock units. Each RSU represents a contingent right to one share of common stock or its cash equivalent, granted under the 2022 Omnibus Equity Compensation Plan as part of her compensation.

How many restricted stock units did Sally Wallace receive from Leonardo DRS (DRS)?

Sally Wallace received 7,359 restricted stock units from Leonardo DRS. These RSUs are a form of equity compensation and give her the right to receive an equivalent number of common shares or cash, subject to vesting conditions over several future years.

When do Sally Wallace’s Leonardo DRS (DRS) RSUs vest?

The RSUs are scheduled to vest in three installments: one-third on April 1, 2027, one-third on April 1, 2028, and the remaining balance on April 1, 2029. Vesting depends on her continued employment with Leonardo DRS through each specified vesting date.

What plan governs the RSU grant to Sally Wallace at Leonardo DRS (DRS)?

The RSU grant to Sally Wallace was made under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. This plan authorizes the company to grant equity-based awards like restricted stock units to executives and employees as part of long-term incentive compensation.