Wallace Sally 4
4 · Leonardo DRS, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Leonardo DRS COO Sally Wallace Receives 7,359 RSU Award
What Happened
- Sally Wallace, Chief Operating Officer of Leonardo DRS (DRS), received a grant of 7,359 restricted stock units (RSUs) reported on Apr 9, 2026. The transaction is reported as an award/acquisition (derivative) at $0.00 per RSU, i.e., no cash was paid by the insider. The filing does not report a dollar market value for the award.
Key Details
- Transaction date: 2026-04-09; Transaction type/code: Award/Grant (A); Shares granted: 7,359 RSUs; Reported price: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Vesting terms (footnote): RSUs granted under the Issuer’s 2022 Omnibus Equity Compensation Plan. They vest one-third annually on Apr 1, 2027; Apr 1, 2028; and Apr 1, 2029. The first two vesting tranches are rounded down to whole RSUs, with any remainder vesting on Apr 1, 2029. Vesting is contingent on continued employment.
- Filing timeliness: Reported same day (filed 2026-04-09 for a 2026-04-09 transaction), so appears timely.
Context
- These RSUs are derivative awards that give the recipient a contingent right to receive common shares (or the cash equivalent) upon vesting; they are not an open-market purchase or immediate sale. Such grants are typically part of executive compensation and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
Form 4
Wallace Sally
EVP, Chief Operating Officer
Transactions
- 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.
Signature
/s/ Oriana D. Pietrangelo, Attorney-in-Fact|2026-04-09