Form 4: L3Harris CFO Acquires Phantom Stock Units

L3Harris Technologies' SVP and Chief Financial Officer, Kenneth L. Bedingfield, acquired 17.29 phantom stock units under the company's Excess Retirement Savings Plan.

Summary

• Kenneth L. Bedingfield, the Senior Vice President and Chief Financial Officer of L3HARRIS TECHNOLOGIES, INC. (LHX), acquired 17.29 phantom stock units.
• The transaction occurred on September 30, 2025.
• Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
• The units were accrued under the Issuer's Excess Retirement Savings Plan and are to be settled in cash upon the reporting person's retirement or other specified events.
• Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts within the Plan.
• The acquisition price per phantom stock unit was $305.41.
• Following this transaction, Kenneth L. Bedingfield beneficially owns a total of 211.64 phantom stock units.
• The total beneficially owned units include 0.79 phantom stock units acquired through dividend credits under the Plan since the last report.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it represents a routine executive compensation event that aligns management's interests with shareholders, without indicating any negative developments.

Positives

• The acquisition of phantom stock units by a senior executive aligns their interests with the long-term performance of the company, as these units are tied to the value of common stock.

Future Outlook

The filing does not contain any forward-looking statements or guidance beyond the nature of the phantom stock units being settled in cash upon retirement or other events.

Industry Context

This insider transaction is a routine executive compensation event and does not directly relate to broader industry trends or competitive dynamics.

Related Party Transactions

• Kenneth L. Bedingfield, SVP, Chief Financial Officer, acquired 17.29 phantom stock units from L3Harris Technologies, Inc. under the company's Excess Retirement Savings Plan.

Stakeholder Impact

• Shareholders: This transaction provides a minor positive signal of executive alignment with company performance, as the value of phantom stock units is tied to the common stock.
• Employees: No direct impact on the broader employee base beyond the executive compensation structure.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a senior executive as part of an existing compensation plan. It does not indicate a significant change in company fundamentals or strategy that would warrant a change in investment recommendation. The transaction is a standard component of executive compensation and aligns the executive's interests with long-term company performance, which is generally a neutral to slightly positive signal.

Keywords

L3Harris Technologies, LHX, Kenneth Bedingfield, CFO, Form 4, Insider Transaction, Phantom Stock Units, Executive Compensation, Retirement Plan