Form 4 for DRS Leonardo DRS, Inc.
Accepted 2026-04-03 17:12:28 ET · period of report 2026-04-01 · accession 0001849658-26-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2026-04-03 17:12 | 2026-04-01 | DRS | Dippold Michael | EVP, CFO | A - Grant | $0.00 | +55.8K | 68.5K | +437% | $0 |
| DMT | 2026-04-03 17:12 | 2026-04-01 | DRS | Dippold Michael | EVP, CFO | F - Tax | $45.86 | -34.2K | 70.8K | -33% | -$1.57M |
| DMT | 2026-04-03 17:12 | 2026-04-01 | DRS | Dippold Michael | EVP, CFO | M - OptEx | $0.00 | +22.6K | 73.3K | +45% | $0 |
| DT | 2026-04-03 17:12 | 2026-04-02 | DRS | Dippold Michael | EVP, CFO | S - Sale+OE | $45.38 | -7,071 | 63.8K | -10% | -$320.9K |
| DMT | 2026-04-03 17:12 | 2026-04-01 | DRS | Dippold Michael | EVP, CFO | M - OptEx | $0.00 | -22.6K | 10.9K | -67% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2026-04-01 | A | A | 33,380 | $0.00 | 60,002 | D | — | — | (F1) Represents performance restricted stock units ("PRSUs") awarded in April 2023 under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan") for the performance period January 1, 2023 through December 31, 2025, for which performance goals have been achieved and certified on February 19, 2026. Each PRSU represents the right to one share of the Issuer's common stock. The PRSUs vested on April 1, 2026. |
| 2 | Common | Common Stock | 2026-04-01 | F | D | 13,858 | $45.86 | 46,144 | D | — | — | (F2) Shares withheld by the Issuer to satisfy tax withholding requirements. |
| 3 | Common | Common Stock | 2026-04-01 | A | A | 22,378 | $0.00 | 68,522 | D | — | — | (F3) Represents PRSUs awarded in April 2023 under the Plan for the performance period January 1, 2023 through December 31, 2025, for which performance goals have been achieved and certified on February 19, 2026. Each PRSU represents the right to one share of the Issuer's common stock. The PRSUs vested on April 1, 2026. |
| 4 | Common | Common Stock | 2026-04-01 | F | D | 10,093 | $45.86 | 58,429 | D | — | — | (F2) Shares withheld by the Issuer to satisfy tax withholding requirements. |
| 5 | Common | Common Stock | 2026-04-01 | M | A | 10,360 | $0.00 | 68,789 | D | — | — | |
| 6 | Common | Common Stock | 2026-04-01 | F | D | 4,673 | $45.86 | 64,116 | D | — | — | (F2) Shares withheld by the Issuer to satisfy tax withholding requirements. |
| 7 | Common | Common Stock | 2026-04-01 | M | A | 6,815 | $0.00 | 70,931 | D | — | — | |
| 8 | Common | Common Stock | 2026-04-01 | F | D | 3,074 | $45.86 | 67,857 | D | — | — | (F2) Shares withheld by the Issuer to satisfy tax withholding requirements. |
| 9 | Common | Common Stock | 2026-04-01 | M | A | 5,451 | $0.00 | 73,308 | D | — | — | |
| 10 | Common | Common Stock | 2026-04-01 | F | D | 2,459 | $45.86 | 70,849 | D | — | — | (F2) Shares withheld by the Issuer to satisfy tax withholding requirements. |
| 11 | Common | Common Stock | 2026-04-02 | S | D | 7,071 | $45.38 | 63,778 | D | — | — | (F4) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025. |
| 12 | Derivative | Restricted Stock Unit | 2026-04-01 | M | D | 10,360 | $0.00 | 0 | D | — · — to — | 10,360 Common Stock | (F5) Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2024 and April 1, 2025. The remaining one-third of RSUs vested on April 1, 2026. (F5) Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2024 and April 1, 2025. The remaining one-third of RSUs vested on April 1, 2026. (F5) Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2024 and April 1, 2025. The remaining one-third of RSUs vested on April 1, 2026. |
| 13 | Derivative | Restricted Stock Unit | 2026-04-01 | M | D | 6,815 | $0.00 | 6,816 | D | — · — to — | 6,815 Common Stock | (F6) Each RSU was granted under the Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2025 and April 1, 2026. The remaining one-third of RSUs are scheduled to vest on April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through such date. (F6) Each RSU was granted under the Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2025 and April 1, 2026. The remaining one-third of RSUs are scheduled to vest on April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through such date. (F6) Each RSU was granted under the Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on each of April 1, 2025 and April 1, 2026. The remaining one-third of RSUs are scheduled to vest on April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through such date. |
| 14 | Derivative | Restricted Stock Unit | 2026-04-01 | M | D | 5,451 | $0.00 | 10,902 | D | — · — to — | 5,451 Common Stock | (F7) Each RSU was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on April 1, 2026. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2027 and April 1, 2028, subject to the Reporting Person's continued employment with the Issuer through each date. (F7) Each RSU was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on April 1, 2026. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2027 and April 1, 2028, subject to the Reporting Person's continued employment with the Issuer through each date. (F7) Each RSU was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on April 1, 2026. The remaining RSUs are scheduled to vest one-third annually on each of April 1, 2027 and April 1, 2028, subject to the Reporting Person's continued employment with the Issuer through each date. |