Dippold Michael 4

What Happened

• Michael Dippold, Executive Vice President and Chief Financial Officer of Leonardo DRS (DRS), received a grant of 12,020 restricted stock units (RSUs) reported on April 9, 2026. The award was recorded as an acquisition (derivative) with an acquisition price of $0.00. RSUs are a contingent right to receive one share of common stock (or a cash equivalent) upon vesting.

Key Details

• Transaction date: 2026-04-09; transaction type: A (Award/Grant).
• Securities granted: 12,020 RSUs; acquisition price reported: $0.00.
• Vesting: One-third of the RSUs vest on each of April 1, 2027, April 1, 2028 and April 1, 2029. The amounts vesting on 2027 and 2028 are rounded down to whole RSUs, with the remainder vesting on April 1, 2029. (Footnote F1)
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported with period and filing date of April 9, 2026 (appears timely).

Context

• RSU grants are a common form of executive compensation and vest over time; they do not represent an immediate purchase or sale of stock. Because these RSUs convert to shares (or cash) only upon vesting, they are typically less informative about near-term insider sentiment than open-market purchases or sales. When RSUs vest and shares are issued, that can dilute existing shareholders modestly, but the grant itself is part of compensation arrangements.