Form 4: L3Harris CFO Kenneth Bedingfield Reports Acquisition of Phantom Stock Units

L3Harris Technologies, Inc.'s Senior Vice President and Chief Financial Officer, Kenneth L. Bedingfield, reported the acquisition of 24.44 phantom stock units under the company's Excess Retirement Savings Plan.

Summary

• Kenneth L. Bedingfield, SVP, Chief Financial Officer of L3HARRIS TECHNOLOGIES, INC. (LHX), reported a transaction on July 1, 2025.
• Acquired 24.44 phantom stock units, which are the economic equivalent of one share of LHX common stock.
• These units were accrued under the Issuer's Excess Retirement Savings Plan and are intended to be settled in cash upon retirement or other specified events.
• The price of the derivative security (phantom stock unit) was $252.18.
• Following this transaction, Mr. Bedingfield beneficially owns a total of 193.56 phantom stock units.
• The total beneficial ownership includes an additional 0.79 phantom stock units acquired through dividend credits under the Plan since the last report.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a key executive, even if part of a retirement plan, generally signals alignment of interests with shareholders and confidence in the company's long-term prospects. The number of units is relatively small, limiting significant positive impact.

Positives

• An insider (CFO) acquiring additional phantom stock units generally signals alignment of interests with shareholders and confidence in the company's long-term prospects.
• The acquisition of 0.79 phantom stock units through dividend credits indicates ongoing participation and benefit from company performance through the Excess Retirement Savings Plan.

Future Outlook

No forward-looking statements or guidance are provided beyond the nature of the phantom stock units being settled upon the reporting person's retirement or other specified events.

Industry Context

This Form 4 filing details a routine insider transaction for an executive at L3Harris Technologies, Inc., a major defense contractor. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Kenneth L. Bedingfield, SVP, Chief Financial Officer, acquired 24.44 phantom stock units from L3HARRIS TECHNOLOGIES, INC. under the company's Excess Retirement Savings Plan. This is an insider transaction, a form of related party dealing.

Stakeholder Impact

• Shareholders: May view the executive's increased phantom stock ownership as a positive signal of alignment with shareholder interests and confidence in the company's future.
• Employees: The transaction reflects standard executive compensation practices, potentially reinforcing confidence in the company's compensation structure.

Next Steps

• Phantom stock units are to be settled in cash upon the reporting person's retirement or other specified events.

Key Dates

Keywords

L3Harris Technologies, LHX, Kenneth L. Bedingfield, CFO, Phantom Stock Units, Insider Transaction, SEC Form 4, Executive Compensation, Retirement Plan, Equity Ownership