Form 4: Director Joanna Geraghty Receives L3Harris Equity Grant
Director Equity Grant Disclosure
Director Joanna Geraghty was awarded 661 share units as part of her annual non-employee director equity-based retainer.
Summary
- Director Joanna Geraghty acquired 661 share units of L3Harris Technologies, Inc. (LHX) common stock.
- The transaction occurred on May 11, 2026, at a price of $0 per share, representing an equity-based retainer award.
- Following this transaction, the reporting person holds a total of 5,541.29 shares.
- The units are scheduled to vest on May 11, 2027, subject to continued service.
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 shareholders through equity-based compensation.
- Standard governance practice for non-employee director retention.
Negatives
- None identified.
Risks
- Vesting is contingent upon continued service as a director.
Future Outlook
The share units will settle in common stock upon the reporting person's separation from service with the Issuer, following the vesting date of May 11, 2027.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation, consistent with standard corporate governance practices in the aerospace and defense sector.
Comparison to Industry Standards
- The equity grant structure is consistent with standard compensation packages for independent directors at large-cap defense contractors like Lockheed Martin or Northrop Grumman.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Filing of a Power of Attorney authorizing specific individuals to execute Section 16 filings on behalf of the director. | 2025-04-01 | Administrative update to ensure timely regulatory compliance. |
Stakeholder Impact
- Minimal impact; reflects standard director compensation alignment.
Next Steps
- Vesting of share units on May 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 2025-04-01 | Date of Power of Attorney execution. |
| 2026-05-11 | Date of transaction and vesting commencement. |
| 2027-05-11 | Scheduled vesting date for the awarded share units. |
Keywords
L3Harris Technologies, LHX, Director Compensation, Equity Grant, Insider Transaction, Form 4
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