Form 4: Director David Regnery Receives L3Harris Equity Grant
Director Equity Grant Disclosure
Director David S. Regnery was granted 661 director share units as part of his annual equity-based retainer for L3Harris Technologies.
Summary
- Director David S. Regnery acquired 661 director share units on May 11, 2026.
- The units were granted as part of the non-employee director's equity-based retainer.
- The units vest on May 11, 2027, subject to continued service.
- Upon vesting, the units are deferred and will be settled in common stock upon the director's separation from service with the company.
- Following this transaction, the director's total beneficial ownership is 2,672.67 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation with no impact on company operations or financial strategy.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Standardized, transparent disclosure of director compensation.
Negatives
- None identified.
Risks
- Vesting is contingent upon continued service as a director.
Future Outlook
The director share units are scheduled to vest on May 11, 2027, with settlement deferred until the director's separation from service.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation within the aerospace and defense sector, reflecting standard corporate governance practices for equity retention.
Comparison to Industry Standards
- The grant of equity-based retainers to non-employee directors is a standard practice among S&P 500 companies, including peers like Lockheed Martin and Northrop Grumman.
- The use of deferred settlement until separation from service is a common mechanism to ensure long-term alignment between board members and the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization of attorneys-in-fact to file Section 16 reports on behalf of the director. | 04/2025 | Administrative efficiency for regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders; reflects standard board compensation structure.
Next Steps
- Vesting of the 661 share units on May 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/2025 | Date of Power of Attorney execution. |
| 05/11/2026 | Date of equity grant transaction. |
| 05/12/2026 | Date of filing. |
| 05/11/2027 | Vesting date for the granted share units. |
Keywords
L3Harris Technologies, LHX, Director Compensation, Equity Grant, Insider Transaction, Form 4
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