Form 4: Director Acquires L3Harris Stock Units

David S. Regnery, a Director at L3Harris Technologies, Inc., acquired phantom stock units valued at $353.91 per unit.

Summary

• David S. Regnery, a Director at L3Harris Technologies, Inc., acquired 105.96 phantom stock units on April 1, 2026.
• These units were acquired under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• The acquisition represents a deferral of non-employee director quarterly cash retainers.
• The phantom stock units are subject to settlement in shares of the Issuer's common stock upon Regnery's separation from service.
• The reported value of the acquired units is $353.91 per unit.
• Regnery's beneficial ownership following this transaction is 2,011.67 phantom stock units.
• This also includes 6.66 phantom stock units acquired through dividend credits since the last report.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation transaction for a director rather than a significant strategic event or financial performance indicator.

Positives

• Director acquisition of company stock units can signal confidence in the company's future performance.
• Dividend reinvestment into phantom stock units indicates continued accumulation of equity-like interests.

Risks

• The value of phantom stock units is tied to the company's common stock price, exposing the director to market volatility.
• Settlement of phantom stock units is contingent upon separation from service, meaning the director cannot liquidate these units until that event occurs.

Future Outlook

Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer.

Industry Context

StockSavvy.ai notes that director compensation plans often include equity-like instruments such as phantom stock units to align executive interests with shareholders. The acquisition of these units by a director is a common practice in the aerospace and defense industry.

Related Party Transactions

• Acquisition of phantom stock units by Director David S. Regnery under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan, representing deferred compensation.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director does not immediately dilute share count but represents a future potential issuance of shares.
• Employees: No direct impact on employees is indicated by this filing.
• Management: Reflects standard compensation practices for non-employee directors.

Next Steps

• Settlement of phantom stock units in shares of common stock upon Director Regnery's separation from service.

Key Dates

Keywords

L3Harris Technologies, Form 4, SEC Filing, Director Compensation, Phantom Stock Units, Equity, Insider Trading, Stock Acquisition, David S. Regnery