Krieg Kenneth J 4

What Happened
Kenneth J. Krieg, a director of Leonardo DRS (DRS), had 3,556 restricted stock units (RSUs) vest on June 4, 2026 and converted them into 3,556 shares (reported as an exercise/conversion, code M) at $0.00. The filing also reports a simultaneous disposition of 3,556 shares at $0.00. Because the same number of shares were acquired and disposed, there is no net increase in his share count from this transaction. The RSUs were granted under the issuer’s 2022 Omnibus Equity Compensation Plan as part of his annual retainer.

Key Details

• Transaction date: June 4, 2026 (Form 4 filed June 5, 2026) — filing appears timely.
• Acquired: 3,556 shares via conversion of RSUs at $0.00 per share.
• Disposed: 3,556 shares reported at $0.00 per share.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: RSUs vested on June 4, 2026; each RSU is a contingent right to one share or cash equivalent under the 2022 Omnibus Equity Compensation Plan.
• Common practice note: when awards vest, an equal number of shares are often withheld/retired to satisfy tax withholding or similar obligations — filings commonly show such withholding as a disposition at $0.

Context
This was an equity-compensation vesting/conversion event (RSUs), not an open-market buy or sale. It does not signal an outright purchase of additional stock; because the acquired and disposed amounts match, the transaction resulted in no cash paid and no net new shares retained by the director according to the reported entries.