Form 4: L3Harris CFO Acquires Phantom Stock Units

L3Harris Technologies' SVP and CFO, Kenneth L. Bedingfield, acquired 20.25 phantom stock units through the company's Excess Retirement Savings Plan, increasing his total beneficial ownership to 232.79 units.

Summary

• Kenneth L. Bedingfield, SVP, Chief Financial Officer of L3HARRIS TECHNOLOGIES, INC. (LHX), reported an acquisition of securities.
• On January 2, 2026, Bedingfield acquired 20.25 Phantom Stock Units.
• These units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan").
• Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
• The units are to be settled in cash upon the reporting person's retirement or other specified events.
• Prior to cash settlement, Bedingfield has the right to transfer phantom stock units into alternative investment accounts within the Plan.
• Following this transaction, the reported beneficial ownership of phantom stock units is 232.79 units.
• This total includes 0.89 phantom stock units acquired through dividend credits under the Plan since the last report.
• The price of the derivative security (phantom stock units) was $304.48.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a key executive, particularly through a retirement savings plan, is generally viewed positively as it aligns management's interests with shareholder value, though it is a routine compensation event.

Positives

• SVP, Chief Financial Officer Kenneth L. Bedingfield acquired 20.25 phantom stock units, indicating continued participation and alignment with the company's long-term performance.
• The increase in beneficial ownership to 232.79 phantom stock units, including 0.89 units from dividend credits, reflects the growth of the executive's stake in the company's economic performance.

Future Outlook

N/A. This filing reports a past insider transaction and does not provide forward-looking statements or guidance.

Industry Context

N/A. This Form 4 filing details an individual insider transaction and does not provide broader industry context.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value.
• Employees: Reflects standard executive compensation practices for executives.

Key Dates

Recommendation

The filing reports a routine acquisition of phantom stock units by a key executive through a company retirement plan. While it indicates continued alignment of management's interests with the company, it does not present new information significant enough to alter a fundamental investment thesis or recommendation.

Keywords

L3Harris Technologies, LHX, Form 4, insider transaction, phantom stock, executive compensation, Kenneth L. Bedingfield, CFO