Jeffery Reuben III 4

What Happened

• Jeffery Reuben III, a director of Leonardo DRS, had 649 restricted stock units (RSUs) convert to 649 shares (derivative conversion, code M) on June 4, 2026. The filing shows 649 shares acquired at $0.00 and 649 shares disposed at $0.00, for a reported dollar value of $0.
• This was not an open-market purchase or sale of shares for cash; the $0.00 prices indicate a conversion/vesting event rather than a market trade.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely filing).
• Transaction type/code: Conversion/exercise of derivative (code M).
• Shares: 649 acquired at $0.00; 649 disposed at $0.00. Total reported value: $0.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: RSUs were granted under the Issuer’s 2022 Omnibus Equity Compensation Plan as part of a prorated retainer; each RSU vests into one share (or cash equivalent). The RSUs vested on June 4, 2026.
• Common practice note: When a conversion shows equal acquisition and disposal, the disposal often reflects shares withheld to satisfy tax withholding or similar obligations; this is routine and not necessarily a market sell.

Context

• For retail investors: this is a routine equity-compensation vesting event, not a market buy or sell that signals a change in conviction. Derivative conversion (code M) and $0.00 pricing are typical for RSU vesting and conversion into underlying shares.