Director at Leonardo DRS (DRS) receives 3,733 restricted stock units

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, Inc. director Jeffery Reuben III received a grant of 3,733 restricted stock units (RSUs) on May 14, 2026 under the company’s 2022 Omnibus Equity Compensation Plan. Each RSU represents the right to receive one share of Leonardo DRS common stock.

The RSUs will vest in full on May 14, 2027, provided he continues to serve on the Board of Directors through that date. Following this award, he holds 3,733 RSUs directly, giving him future equity exposure but involving no cash purchase or open-market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jeffery Reuben III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	3,733	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 3,733 shares (Direct, null)

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 May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on May 14, 2027, 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: 3,733 RSUs Transaction price per RSU: $0.00 per unit Underlying common shares: 3,733 shares +2 more

5 metrics

RSUs granted 3,733 RSUs Grant to director on May 14, 2026

Transaction price per RSU $0.00 per unit Equity compensation, no cash purchase

Underlying common shares 3,733 shares Each RSU equals one common share

Vesting date May 14, 2027 Full vesting subject to continued board service

Holdings after transaction 3,733 RSUs Total RSUs directly held post-grant

Key Terms

Restricted Stock Unit, RSU, 2022 Omnibus Equity Compensation Plan, vesting

4 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit""

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.

RSU financial

"Each restricted stock unit ("RSU") represents a contingent right"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

2022 Omnibus Equity Compensation Plan financial

"granted on May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan"

vesting financial

"The RSUs will vest in full on May 14, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 07:36 AM

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^*

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)
05/14/2026

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⁾	05/14/2026		A		3,733		⁽²⁾	⁽²⁾	Common Stock	3,733	$0	3,733	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 May 14, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest in full on May 14, 2027, 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	05/18/2026
	** 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 Jeffery Reuben III receive in this Leonardo DRS (DRS) Form 4?

Jeffery Reuben III received a grant of 3,733 restricted stock units (RSUs) from Leonardo DRS. These RSUs are a form of equity compensation that can convert into common shares if the vesting conditions, primarily continued board service, are satisfied by the vesting date.

When do the newly granted Leonardo DRS RSUs to Jeffery Reuben III vest?

The 3,733 RSUs granted to Jeffery Reuben III vest in full on May 14, 2027. Vesting requires his continued service as a member of the Leonardo DRS Board of Directors through that date, aligning his compensation with ongoing governance responsibilities.

How many Leonardo DRS RSUs does Jeffery Reuben III hold after this grant?

After this grant, Jeffery Reuben III holds 3,733 RSUs of Leonardo DRS directly. This total matches the award size, indicating the reported RSUs are all from this grant and represent potential future shares, subject to vesting conditions being met.

Does the Leonardo DRS RSU grant to Jeffery Reuben III involve a purchase price?

The RSU grant reflects a transaction price of $0.00 per unit, meaning there is no cash purchase by Jeffery Reuben III. Instead, the RSUs are compensation that may convert into common stock if vesting requirements are satisfied over time.

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

Each Leonardo DRS restricted stock unit represents a contingent right to receive one share of the company’s common stock. This right only becomes actual ownership if vesting occurs, giving the director equity-based compensation aligned with shareholder interests over time.