Form 4: Director Kirk Hachigian Acquires L3Harris Stock Units

L3Harris Technologies director Kirk S. Hachigian was granted 661 share units as part of his annual equity-based retainer.

Summary

• Director Kirk S. Hachigian acquired 661 director share units of L3Harris Technologies, Inc. (LHX) on May 11, 2026.
• The units were granted at a price of $302.35 per share.
• The units are scheduled to vest on May 11, 2027, contingent upon continued service.
• The reporting person holds a total of 4,805.63 shares directly and 4,000 shares indirectly through a family trust.

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

• Demonstrates alignment of director interests with shareholders through equity-based compensation.
• The acquisition reflects standard corporate governance practices regarding director retainers.

Negatives

• None identified.

Risks

• Vesting of the share units is subject to the director's continued service with the company.

Future Outlook

The share units are expected to vest on May 11, 2027, provided the director remains in service.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation within the aerospace and defense sector, consistent with standard corporate governance practices for large-cap companies.

Comparison to Industry Standards

• The use of equity-based retainers for non-employee directors is a standard practice among S&P 500 companies, including peers like Lockheed Martin and Northrop Grumman.
• The vesting period of one year is consistent with typical industry benchmarks for director equity grants.

Corporate Governance

Stakeholder Impact

• No material impact on shareholders, employees, or creditors.

Next Steps

• Vesting of the 661 share units on May 11, 2027.

Key Dates

Keywords

L3Harris Technologies, LHX, Director Compensation, Insider Transaction, Form 4, Equity Retainer