Baylouny John 4

What Happened

John Baylouny, President, CEO and a director of Leonardo DRS (DRS), was granted 21,805 restricted stock units (RSUs) on April 9, 2026. The RSUs were reported as an award/acquisition at $0.00 per unit (i.e., a compensation grant, not an open‑market purchase). These RSUs are a contingent right to receive one share of common stock (or cash equivalent) upon vesting.

Key Details

• Transaction date: April 9, 2026 (Form 4 filed same date).
• Grant: 21,805 RSUs; reported acquisition price $0.00 (award/derivative).
• Shares owned after transaction: not specified in this filing.
• Footnote: RSUs granted under the Issuer’s 2022 Omnibus Equity Compensation Plan; vesting schedule described below.
• Filing timeliness: Form 4 shows the report date as the transaction date; no late filing indicated.

Context

RSUs are compensation awards that convert into shares (or cash) only if and when they vest; they do not represent immediate share purchases or sales. These RSUs vest in three equal annual installments on April 1, 2027, April 1, 2028 and April 1, 2029 (the first two vesting amounts will be rounded down to whole units, with any remainder vesting on April 1, 2029). Such grants are typical executive compensation and should be viewed as part of pay/retention incentives rather than a direct market buy or sell signal.