Brothers Louis R Jr 4

What Happened Louis R. Brothers Jr., a director of Leonardo DRS (DRS), had 3,556 restricted stock units (RSUs) vest on June 4, 2026. The Form 4 reports an exercise/conversion (transaction code M) showing 3,556 shares acquired at $0.00 and 3,556 shares disposed as a derivative at $0.00. The vesting award is part of his equity retainer; no cash purchase or sale price is reported.

Key Details

• Transaction date: June 4, 2026; Filing date: June 5, 2026 (filed within the typical two-business-day Form 4 window).
• Reported amounts: 3,556 shares acquired at $0.00 and 3,556 shares disposed (derivative) at $0.00.
• Shares owned after transaction: not specified in the excerpted filing.
• Footnote (F1): The RSUs were granted under the Issuer's 2022 Omnibus Equity Compensation Plan as part of the annual retainer and represent a contingent right to one share (or cash equivalent); they vested on June 4, 2026.
• Transaction code: M indicates exercise or conversion of a derivative (here, RSU settlement).

Context This is a routine equity compensation event (RSU vesting) for a director rather than an open-market purchase or sale. The zero dollar amounts and matching acquired/disposed entries typically reflect conversion/settlement of awarded units (and may include internal transfers such as tax withholding), but the filing itself only specifies that the RSUs vested — it does not state any cash proceeds.