Baker Gail 4

What Happened

• Gail Baker, a director of Leonardo DRS (DRS), had 3,556 restricted stock units (RSUs) vest on June 4, 2026. The Form 4 reports a conversion/exercise (transaction code M) that resulted in an acquisition of 3,556 shares at $0.00 and a related disposition of a derivative instrument for 3,556 units at $0.00. The filing was made on June 5, 2026.

Key Details

• Transaction date: June 4, 2026; Form 4 filed: June 5, 2026 (timely).
• Reported transactions: M (exercise/conversion of derivative) — 3,556 shares acquired @ $0.00 and 3,556 derivative units disposed @ $0.00.
• Reported cash value on the Form 4: $0 (this reflects conversion/settlement treatment in the filing; market value at vesting is not shown).
• Footnote: Each RSU was granted under the Issuer’s 2022 Omnibus Equity Compensation Plan as part of an annual retainer and vested on June 4, 2026 (may settle in shares or cash per plan).
• Shares owned after the transaction: not specified in the information provided on this summary.

Context

• Code M covers exercise or conversion of derivative securities (this includes RSU vesting/conversion). Many RSU vesting events are reported as a conversion of a derivative into common stock; the $0 price reflects the non‑cash nature of the vesting—not a market purchase or sale by the insider.
• This is routine compensation-related equity vesting for a director and does not by itself indicate a buy or sell decision on the open market.