SALZMAN ERIC 4

What Happened

• Eric Salzman, a director of Leonardo DRS (DRS), reported the conversion/settlement of 3,556 restricted stock units (RSUs) on June 4, 2026. The Form 4 records an "exercise or conversion of derivative" (transaction code M) for 3,556 shares at $0.00 (acquired) and a matching 3,556-share disposition at $0.00.
• The filing shows no cash paid or received for these entries (total value reported $0). Footnote F1 states the RSUs were granted under the Issuer’s 2022 Omnibus Equity Compensation Plan as part of his annual retainer and vested on June 4, 2026.

Key Details

• Transaction date: 2026-06-04 (Form 4 filed 2026-06-05 — appears timely).
• Transaction type/code: M = exercise/conversion of derivative (RSU vesting/settlement).
• Shares reported acquired: 3,556 at $0.00; shares reported disposed: 3,556 at $0.00.
• Shares owned after transaction: not specified in the excerpted filing.
• Footnote: F1 confirms these were RSUs granted as part of director compensation that vested on 6/4/2026.
• No 10b5-1 plan, tax-withholding detail, or late filing flag is reported in the provided data.

Context

• This filing documents RSU vesting and conversion to stock rather than an open-market buy or sale. It’s common for RSU settlements to show an acquisition and an immediate disposition of shares in the same amount to cover tax withholding or for net-settlement; the filing itself does not quantify any cash withheld here. Such transactions are routine compensation events for directors and are not direct signals of personal trading sentiment.