Dorfman Mark 4

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.