Casey George 4
4 · Leonardo DRS, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Leonardo DRS Director Casey George Receives 3,556 Shares
What Happened
Casey George, a director of Leonardo DRS (DRS), had 3,556 restricted stock units (RSUs) vest on June 4, 2026. The filing shows an exercise/conversion of a derivative (code M) resulting in acquisition of 3,556 shares at $0.00 and a simultaneous disposition of 3,556 shares at $0.00. The RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan as part of the director’s annual retainer and vested on June 4, 2026.
Key Details
- Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely).
- Reported transaction code: M (exercise or conversion of derivative).
- Shares acquired: 3,556 at $0.00; shares disposed: 3,556 at $0.00.
- Post-transaction shares owned: Not specified in the filing.
- Footnote: RSUs represent the contingent right to receive one share or the cash equivalent; they vested on June 4, 2026.
- Common practice: simultaneous acquisition and disposition of vested RSUs often reflects net settlement or tax-withholding, though the filing does not state the reason.
Context
This was not an open-market buy or sale; it reflects vesting/conversion of equity compensation. Such transactions are routine for satisfying tax withholding or converting awards into shares and do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-04+3,556→ 32,376 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-06-04−3,556→ 0 total→ Common Stock (3,556 underlying)
Footnotes (1)
- [F1]Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan as part of the equity component of the Reporting Person's annual retainer fee and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs vested on June 4, 2026.