secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001833756-26-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leonardo DRS appoints Sally Wallace as COO effective Jan 1, 2026
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- Sally Wallace, 20-year DRS veteran, succeeds John Baylouny as COO; Baylouny became CEO on Jan 1.
- Base salary of $540,000; annual target cash bonus 70% of base salary for 2026.
- Target equity award of $700,000 under 2022 Omnibus Equity Plan, 45% RSUs and 55% PRSUs.
- Wallace previously served as EVP, Business Operations since 2016; led C4ISR Group from 2014-2016.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000002/0001833756-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000002/drs-20260106.htm
  HTML page:      https://secwatch.observer/filing/0001833756-26-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer