Michael Dippold, EVP and CFO of Leonardo DRS, Inc., filed a Form 4 on November 3, 2026, disclosing the sale of 14,317 shares of common stock on November 2, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Michael Dippold, EVP and CFO of Leonardo DRS, Inc.
  • Transaction: 14,317 shares of common stock disposed of (transaction code S) on November 2, 2026.
  • Sale price: $37.91 per share.
  • Remaining holdings: 20,826 shares of common stock held directly following the transaction.
  • Trading plan: The sales were made pursuant to a Rule 10b5-1 trading plan adopted by Dippold on March 9, 2026.
  • Filing: Signed by Oriana D. Pietrangelo as Attorney-in-Fact on November 3, 2026.

CFO Dippold Executes Planned Share Sale at Leonardo DRS

According to the Form 4 filed with the U.S. Securities and Exchange Commission on November 3, 2026, Michael Dippold, who serves as Executive Vice President and Chief Financial Officer of Leonardo DRS, Inc. (NASDAQ:DRS), disposed of 14,317 shares of the company's common stock on November 2, 2026, at a price of $37.91 per share. The filing identifies the transaction code as "S," indicating a sale in the open market.

The filing discloses that the sales were "effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2026." A Rule 10b5-1 plan is a pre-arranged trading program that allows corporate insiders to set up scheduled transactions in advance under conditions specified by the SEC's Rule 10b5-1(c). The Form 4 confirms the box was checked indicating the transaction was made pursuant to such a contract, instruction, or written plan.

Following the reported transaction, Dippold directly holds 20,826 shares of Leonardo DRS common stock, according to the filing. No derivative securities transactions were reported in Table II of the form. The filing was submitted by Oriana D. Pietrangelo, signing as Attorney-in-Fact on behalf of the reporting person.

What Was Disclosed

Michael Dippold, EVP and CFO of Leonardo DRS, Inc., reported the sale of 14,317 shares of common stock at $37.91 per share on November 2, 2026, under a Rule 10b5-1 plan adopted March 9, 2026, leaving him with 20,826 directly held shares.