Krieg Kenneth J 4
Research Summary
AI-generated summary
Leonardo DRS Director Kenneth J. Krieg Receives RSU Award
What Happened
- Kenneth J. Krieg, a director of Leonardo DRS, received a grant of 3,733 restricted stock units (RSUs) on May 14, 2026. The grant is reported as a derivative award (transaction code A) at $0.00 — there was no cash purchase price reported. The RSUs vest in full on May 14, 2027, subject to Krieg’s continued service on the Board.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely filing).
- Award: 3,733 RSUs granted at $0.00 (no immediate cash cost recorded).
- Vesting: RSUs vest in full on May 14, 2027, contingent on continued board service (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 clarifies each RSU converts to one share upon settlement; F2 states the grant was made under the 2022 Omnibus Equity Compensation Plan and vests in one year.
- Remarks: Exhibit 24.1 (Power of Attorney) included in filing.
Context
- This is a grant of deferred equity (RSUs), not an open-market purchase or sale. RSU grants are compensation and do not directly indicate immediate buying or selling; value to the holder depends on Leonardo DRS’s share price at vesting/settlement. The filing appears timely under SEC Form 4 rules (filed within the required period).