Wallace Sally 4

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.