Leonardo DRS (DRS) awards 12,020 RSUs to EVP and CFO Michael Dippold

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Dippold Michael reported acquisition or exercise transactions in this Form 4 filing.

Leonardo DRS, Inc. reported that EVP and CFO Michael Dippold received a grant of 12,020 restricted stock units under the company’s 2022 Omnibus Equity Compensation Plan. Each unit represents one share of common stock or its cash equivalent, subject to future vesting conditions.

The RSUs are scheduled to vest in three annual installments, with one-third vesting on each of April 1, 2027 and April 1, 2028, and the remaining balance vesting on April 1, 2029, contingent on his continued employment through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dippold Michael

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	12,020	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 12,020 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 12,020 RSUs First vesting date: April 1, 2027 Second vesting date: April 1, 2028 +2 more

5 metrics

RSUs granted 12,020 RSUs Restricted stock unit award to EVP and CFO Michael Dippold

First vesting date April 1, 2027 One-third of RSUs scheduled to vest, rounded down

Second vesting date April 1, 2028 Second one-third of RSUs scheduled to vest, rounded down

Final vesting date April 1, 2029 Remaining RSUs scheduled to vest

Shares per RSU 1 share or cash equivalent Each RSU represents one Leonardo DRS common share or cash

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 - 05:56 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^*

Dippold Michael

(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 and CFO

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		12,020		⁽¹⁾	⁽¹⁾	Common Stock	12,020	$0	12,020	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 EVP and CFO Michael Dippold’s equity compensation?

Leonardo DRS disclosed that EVP and CFO Michael Dippold received 12,020 restricted stock units as an equity award. These RSUs were granted under the 2022 Omnibus Equity Compensation Plan and represent contingent rights to receive common shares or cash, subject to vesting conditions.

How many restricted stock units were granted to the Leonardo DRS (DRS) CFO?

Michael Dippold was granted 12,020 restricted stock units. Each RSU corresponds to one share of Leonardo DRS common stock or the cash equivalent, creating potential future ownership if vesting conditions tied to continued employment are satisfied on the scheduled dates.

What is the vesting schedule for the 12,020 Leonardo DRS (DRS) RSUs?

The 12,020 RSUs are scheduled to vest in three tranches. One-third vests on April 1, 2027, another one-third on April 1, 2028, and the remaining units vest on April 1, 2029, assuming Michael Dippold remains employed through each vesting date.

Under which plan were the Leonardo DRS (DRS) RSUs to the CFO granted?

The RSUs granted to the CFO were issued under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. This plan governs equity-based awards and provides that each RSU represents a contingent right to receive one common share or cash, subject to vesting terms.

Do the Leonardo DRS (DRS) RSUs to the CFO provide immediate common stock ownership?

The RSUs do not provide immediate stock ownership. Instead, each unit is a contingent right to receive one share of common stock or equivalent cash. Actual delivery occurs only as the awards vest on April 1, 2027, April 1, 2028, and April 1, 2029.

What condition must be met for the Leonardo DRS (DRS) CFO’s RSUs to vest?

For the RSUs to vest, Michael Dippold must remain employed with Leonardo DRS through each vesting date. If he continues employment through April 1, 2027, April 1, 2028, and April 1, 2029, the RSUs will vest in three installments according to the disclosed schedule.