GALLAGHER MARY E 4

What Happened

• Mary E. Gallagher, a director of Leonardo DRS (DRS), had 3,556 restricted stock units (RSUs) vest on June 4, 2026 and converted/exercised them into 3,556 shares. The Form 4 shows an acquisition of 3,556 shares and a simultaneous disposition of 3,556 derivative units, both at $0.00 (total $0), consistent with RSU settlement rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (no indication of a late filing).
• Reported amounts: 3,556 shares acquired via conversion/exercise of derivative (code M) at $0.00; 3,556 derivative units disposed at $0.00.
• Shares owned after transaction: not specified in the information provided on the filing.
• Footnote: The RSUs were granted under the Issuer's 2022 Omnibus Equity Compensation Plan as part of Gallagher’s annual retainer and vested on June 4, 2026 (footnote F1).
• No 10b5‑1 plan, tax withholding, or cashless sale is described in the provided filing details.

Context

• This was a conversion/settlement of RSUs (an award vesting), not an open‑market purchase or sale. Such conversions typically reflect compensation being paid in stock and do not by themselves signal a buy/sell decision by the insider.
• The filing shows both the end of the derivative award and the acquisition of the underlying shares; absent more detail (e.g., tax withholding), we cannot infer any cash proceeds or share sales.