Leonardo DRS director exercises 1,006 RSUs into shares

Leonardo DRS, Inc. director Frances F. Townsend exercised restricted stock units into common shares as part of equity compensation.

Accepted by SEC EDGAR 04/03/2026 - 05:02 PM EDT

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Form Type

Rhea-AI Filing Summary

Leonardo DRS, Inc. director Frances F. Townsend exercised restricted stock units into common shares as part of equity compensation. On April 1, 2026, 1,006 RSUs converted into 1,006 shares of common stock at a stated price of $0.00 per share.

Following the transaction, Townsend directly held 31,326 shares of common stock and 3,019 RSUs. The RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan and vest quarterly in 2026, contingent on continued service on the Board of Directors.

Insider Trade Summary

1,006 shares exercised/converted

Exercise 2 txns

Insider TOWNSEND FRANCES F

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,006	$0.00	$0.00
Exercise	Common Stock	1,006	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 3,019 contracts (Direct); Common Stock — 31,326 shares (Direct)

Footnotes (2)

F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of the Issuer.
F2. The RSUs were granted on April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest quarterly on April 1, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date. The number of RSUs that vested on each of April 1, 2026 and will vest on June 30, 2026 and September 30, 2026, shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on December 31, 2026.

Key Figures

RSUs exercised: 1,006 units Shares after transaction: 31,326 shares RSUs remaining: 3,019 units +2 more

5 metrics

RSUs exercised 1,006 units Converted into 1,006 common shares on April 1, 2026

Shares after transaction 31,326 shares Common stock directly held by Townsend after April 1, 2026

RSUs remaining 3,019 units Restricted stock units held after April 1, 2026 transaction

Exercise price $0.00 per share Stated price for RSU conversion into common stock

Vesting schedule dates April 1, June 30, Sept 30, Dec 31, 2026 Quarterly vesting dates for RSU grant, subject to continued service

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") represents a contingent right to receive one share"

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

"The RSUs were granted on April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan."

vest financial

"The RSUs will vest quarterly on April 1, 2026, June 30, 2026, September 30, 2026 and December 31, 2026"

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

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

Board of Directors financial

"subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Frances F. Townsend report for Leonardo DRS (DRS)?

Frances F. Townsend reported exercising 1,006 restricted stock units into 1,006 shares of Leonardo DRS common stock. The exercise occurred on April 1, 2026, at a stated price of $0.00 per share as part of her equity compensation as a director.

How many Leonardo DRS shares does Frances F. Townsend hold after this Form 4 filing?

After the April 1, 2026 transaction, Frances F. Townsend directly holds 31,326 shares of Leonardo DRS common stock. She also holds 3,019 restricted stock units, which represent additional contingent rights to receive shares as they vest over specified 2026 dates.

What are the vesting terms of Frances F. Townsend’s Leonardo DRS restricted stock units?

Townsend’s restricted stock units vest quarterly in 2026 on April 1, June 30, September 30, and December 31. Vesting is subject to her continued service as a member of Leonardo DRS’s Board of Directors through each vesting date, under the 2022 Omnibus Equity Compensation Plan.

How many restricted stock units did Frances F. Townsend exercise in this Leonardo DRS Form 4?

In this filing, Frances F. Townsend exercised 1,006 restricted stock units, converting them into 1,006 shares of Leonardo DRS common stock. Each RSU represents a contingent right to receive one share, and this transaction reflects a routine compensation-related equity settlement.

Under which plan were Frances F. Townsend’s Leonardo DRS restricted stock units granted?

The restricted stock units were granted under Leonardo DRS’s 2022 Omnibus Equity Compensation Plan. This plan governs equity awards such as RSUs to directors and other participants, with vesting tied to continued service and each RSU delivering one share of common stock upon settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

TOWNSEND FRANCES F

(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)
04/01/2026

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)
Common Stock	04/01/2026		M		1,006	A	$0	31,326	D

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⁾	04/01/2026		M			1,006	⁽²⁾	⁽²⁾	Common Stock	1,006	$0	3,019	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 April 1, 2026, under the Issuer's 2022 Omnibus Equity Compensation Plan. The RSUs will vest quarterly on April 1, 2026, June 30, 2026, September 30, 2026 and December 31, 2026, subject to the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date. The number of RSUs that vested on each of April 1, 2026 and will vest on June 30, 2026 and September 30, 2026, shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on December 31, 2026.

Remarks:

	/s/ Katherine A. Krebel, Attorney-in-Fact	04/03/2026
	** 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