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Leonardo DRS Executive Compensation (FY25)

DRS · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Leonardo DRS

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 14, 2026
8 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Leonardo DRS brief$1,500Get the executive brief
230 figures on this page: 226 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee

More on Leonardo DRS

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Lynn III: $7,874,971 → $8,224,992 (4.4% higher)
CEO pay ratio: 89:1 → 92:1 (3.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
What was Leonardo DRS' say-on-pay result?
Shareholders recorded 99.9% support for the say-on-pay proposal at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Leonardo DRS' peer group?
The disclosed peer group names AAR Corporation, Barnes Group, Inc., BWX Technologies Inc., CACI International Inc. and Crane Co., among others.
What is Leonardo DRS' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 92:1, against median employee compensation of $89,332.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Lynn III
Chief Executive Officer
◇—◇—◇—◇◇
John Baylouny
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Mike Dippold
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Sally Wallace
Executive Vice President, Operations
◇—◇—◇◇◇◇
Mark Dorfman
Executive Vice President General Counsel & Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Lynn
Chairman and CEO
◇—◇—◇—◇◇
John Baylouny
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Michael Dippold
Executive Vice President, CFO
◇—◇—◇—◇◇
Mark Dorfman
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Sally Wallace
Executive Vice President, Operations
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Lynn III
Former Chairman and CEO
Departed during or after this year
◇—◇—◇—◇◇
John Baylouny
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Michael Dippold
Executive Vice President, CFO
◇—◇—◇—◇◇
Mark Dorfman
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Sally Wallace
Executive Vice President, Operations
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
John BaylounyPSU◇◇◇◇◇—◇
John BaylounyRSU◇——◇——◇
Mark DorfmanPSU◇◇◇◇◇—◇
Mark DorfmanRSU◇——◇——◇
Michael DippoldRSU◇——◇——◇
Michael DippoldPSU◇◇◇◇◇—◇
Sally WallaceRSU◇——◇——◇
Sally WallacePSU◇◇◇◇◇—◇
William J. Lynn IIIPSU◇◇◇◇◇—◇
William J. Lynn IIIRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael DippoldRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mark DorfmanRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John BaylounyPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
William LynnPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Sally WallaceRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
John Baylouny
Executive Vice President, Chief Operating Officer · Employment agreement · dated October 27, 2025
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frances F. Townsend
Board chair
◇◇————◇
Kenneth J. Krieg
◇◇————◇
Mary E. Gallagher
◇◇————◇
Dr. Louis R. Brothers
◇◇————◇
Gail S. Baker
◇◇————◇
General George W. Casey, Jr
◇◇————◇
Eric C. Salzman
◇◇————◇
John A. Baylouny and Reuben Jeffery III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Lead independent director premium◇
Compensation committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AAR Corporation AIR
  • Barnes Group, Inc. B
  • BWX Technologies Inc. BWXT
  • CACI International Inc. CACI
  • Crane Co. CR
  • Curtiss-Wright Corporation CW
  • HEICO Corporation HEI
  • Hexcel Corporation HXL
  • Huntington Ingalls Industries Inc. HII
  • Mercury Systems, Inc. MRCY
  • Moog, Inc. MOG.A
  • Parsons Corporation PSN
  • Science Applications International Corporation SAIC
  • Teledyne Technologies Inc. TDY
  • V2X, Inc. VVX
  • Woodward, Inc. WWD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024June 4, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022June 1, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Leonardo DRS disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Leonardo DRS sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
230 figures on this page: 226 cited to the filing that reported them, 4 calculated from figures it prints.
226 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001833756-26-000027
  2. 0001833756-26-000019
    2025 Director Compensation Table · 2025 Summary Compensation Table · CEO Pay Ratio · Grants of Plan-Based Awards · and 3 more sections
  3. 0001833756-25-000008
    EX-10.1
  4. 0001628280-25-029664
  5. 0001628280-25-019362
    2024 Summary Compensation Table
  6. 0001628280-24-023788
  7. 0001628280-24-015046
    2023 Summary Compensation Table
  8. 0001628280-23-021288
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Leonardo DRS executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/DRS (accessed 2026).
Short form: data: Velarion

The paid brief for Leonardo DRS

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Leonardo DRS discloses

The companies named in DRS's own disclosed peer group.

AAR CorporationBarnes Group, Inc.BWX Technologies Inc.CACI International Inc.Crane Co.Curtiss-Wright CorporationHEICO CorporationHexcel CorporationHuntington Ingalls Industries Inc.Mercury Systems, Inc.Parsons CorporationScience Applications International CorporationTeledyne Technologies Inc.V2X, Inc.Woodward, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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