Michael Dippold - May 8, 2024 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role: EVP and CFO
Signature: /s/ Katherine A. Krebel, Attorney-in-Fact
Stock symbol: DRS
Transactions as of: May 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/8/2024, 05:39 PM
Previous filing: Apr 3, 2024
Next filing: Dec 3, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DRS	Restricted Stock Unit	Award	$0	+20.4K		$0.00	20.4K	May 8, 2024	Common Stock	20.4K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs are scheduled to vest one-third annually on each of April 1, 2025, April 1, 2026 and April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through each date.

Content

Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs are scheduled to vest one-third annually on each of April 1, 2025, April 1, 2026 and April 1, 2027, subject to the Reporting Person's continued employment with the Issuer through each date.