Leonardo DRS (DRS) grants CEO John Baylouny 21,805 RSUs vesting 2027–2029

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Baylouny John reported acquisition or exercise transactions in this Form 4 filing.

Leonardo DRS, Inc. reported that President and CEO John Baylouny received a grant of 21,805 restricted stock units (RSUs) under the company’s 2022 Omnibus Equity Compensation Plan. Each RSU represents a contingent right to one share of common stock or the cash equivalent.

The RSUs are scheduled to vest in three installments, one-third on each of April 1, 2027, April 1, 2028, and April 1, 2029, contingent on his continued employment through each vesting date. Following this grant, he holds 21,805 RSUs directly from this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baylouny John

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	21,805	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 21,805 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 21,805 RSUs Shares underlying RSUs: 21,805 shares First vesting date: April 1, 2027 +2 more

5 metrics

RSUs granted 21,805 RSUs Grant to President and CEO John Baylouny

Shares underlying RSUs 21,805 shares Each RSU represents one share of common stock or cash equivalent

First vesting date April 1, 2027 One-third of RSUs scheduled to vest, subject to continued employment

Second vesting date April 1, 2028 One-third of RSUs scheduled to vest, subject to continued employment

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

Key Terms

Restricted Stock Unit, 2022 Omnibus Equity Compensation Plan, vest, contingent right, +1 more

5 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.

contingent right financial

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

common stock financial

"receive one share of the common stock of the Issuer or the cash equivalent thereof"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 05:54 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^*

Baylouny John

(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
X	Officer (give title below)	Other (specify below)
	President and CEO

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		21,805		⁽¹⁾	⁽¹⁾	Common Stock	21,805	$0	21,805	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 insider transaction did Leonardo DRS (DRS) disclose for CEO John Baylouny?

Leonardo DRS disclosed that President and CEO John Baylouny received a grant of 21,805 restricted stock units. These RSUs are compensation-based awards that may settle in common stock or cash, rather than an open-market stock purchase or sale.

How many restricted stock units did the Leonardo DRS (DRS) CEO receive?

The CEO received 21,805 restricted stock units. Each RSU represents a contingent right to receive one share of Leonardo DRS common stock or its cash equivalent, providing equity-linked compensation tied to future vesting conditions and continued employment.

What is the vesting schedule for the 21,805 RSUs at Leonardo DRS (DRS)?

The 21,805 RSUs are scheduled to vest one-third on April 1, 2027, one-third on April 1, 2028, and the remaining balance on April 1, 2029. Vesting on each date depends on the CEO’s continued employment with Leonardo DRS through that date.

Are the granted RSUs for Leonardo DRS (DRS) CEO settled in stock or cash?

Each RSU represents a contingent right to receive either one share of Leonardo DRS common stock or the cash equivalent. The award’s terms allow settlement in stock or cash, linking executive compensation to the company’s equity value over time.

Does this Leonardo DRS (DRS) Form 4 show any stock sales or purchases by the CEO?

This Form 4 reports a grant of restricted stock units to the CEO and does not show any open-market stock purchases or sales. The transaction is classified as a grant or award acquisition, reflecting equity-based compensation rather than trading activity.

Under which plan were the Leonardo DRS (DRS) CEO’s RSUs granted?

The RSUs were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. This plan authorizes the company to issue equity-based awards such as restricted stock units to executives and other participants as part of long-term incentive compensation.