Dorfman Mark 4
4 · Leonardo DRS, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Leonardo DRS (DRS) EVP Mark Dorfman Receives RSU Award
What Happened
Mark Dorfman, EVP, General Counsel and Secretary of Leonardo DRS (DRS), received a grant of 7,359 restricted stock units (RSUs) on 2026-04-09. The RSUs were awarded at $0.00 (no immediate cash paid) and are derivative awards that convert to one share each (or cash equivalent) upon vesting. This is a compensation award rather than a market purchase or sale.
Key Details
- Transaction date: 2026-04-09; transaction type: Award/Grant (code A); price: $0.00.
- Number of RSUs granted: 7,359. Treated as derivative awards (contingent right to shares or cash).
- Shares owned after transaction: Not disclosed in the filing.
- Vesting: One-third vests on each of April 1, 2027, April 1, 2028 and April 1, 2029. The amounts vesting in 2027 and 2028 are rounded down to whole RSUs; remaining RSUs vest on 4/1/2029. (See footnote F1.)
- Filing timeliness: Report filed the same day as the transaction (timely).
- No indication in the filing of tax withholding, 10b5-1 plan, or immediate sale/cashless transaction.
Context
RSU grants are routine executive compensation and do not represent an immediate purchase or sale of stock. The award’s ultimate value depends on DRS’s stock price at each vesting date and is contingent on Dorfman’s continued employment through those dates. Because this is an award (not a market purchase), it should be viewed as compensation disclosure rather than a direct insider investment signal.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1]2026-04-09+7,359→ 7,359 total→ Common Stock (7,359 underlying)
Footnotes (1)
- [F1]Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs are scheduled to vest one-third annually on each of April 1, 2027, April 1, 2028 and April 1, 2029, subject to the Reporting Person's continued employment with the Issuer through each date. The number of RSUs that vest on each of April 1, 2027 and April 1, 2028 shall be rounded down to the nearest whole number of RSUs and the remaining RSUs shall vest on April 1, 2029.