Form 4: L3Harris Director Acquires Phantom Stock Units

L3Harris Technologies Director Christina L. Zamarro acquired 123.16 phantom stock units, valued at $304.48 each, as part of her deferred compensation plan.

Summary

• Christina L. Zamarro, a Director of L3Harris Technologies, Inc., acquired 123.16 phantom stock units.
• The transaction occurred on January 2, 2026, with a price of $304.48 per unit.
• These phantom stock units were credited under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• The acquisition represents a deferral of non-employee director quarterly cash retainers.
• Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon Ms. Zamarro's separation from service with L3Harris.
• Following this transaction, Ms. Zamarro beneficially owns a total of 5,330.98 phantom stock units.
• This total includes an additional 20.01 phantom stock units acquired through dividend credits under the Plan since the last report.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director's continued alignment with shareholder interests through equity accumulation, albeit through a routine compensation mechanism. It does not suggest any significant new developments.

Positives

• A director increasing their beneficial ownership, even through deferred compensation, generally aligns their interests with those of shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and systematic approach to compensation and equity acquisition.

Future Outlook

The phantom stock units are subject to settlement solely in shares of L3Harris Technologies' common stock upon the reporting person's separation from service with the Issuer.

Industry Context

This transaction reflects a standard practice in corporate governance where non-employee directors receive a portion of their compensation in equity or equity-linked instruments, often deferred, to align their long-term interests with shareholders. The use of phantom stock units is a common mechanism for this type of deferred compensation.

Related Party Transactions

• The acquisition of phantom stock units by Director Christina L. Zamarro is a transaction between a related party (director) and the company, conducted under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan, which is a standard, disclosed compensation arrangement.

Stakeholder Impact

• Shareholders: The transaction reinforces director alignment with shareholder interests through increased equity ownership, which can be viewed positively.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Settlement of phantom stock units into shares of common stock upon Christina L. Zamarro's separation from service with L3Harris Technologies.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned acquisition of phantom stock units by a director as part of their compensation plan. It does not provide new material information that would fundamentally alter the investment thesis or warrant a change in a seasoned investor's recommendation. The transaction is an expected part of director compensation and does not signal a significant shift in company prospects or valuation.

Keywords

L3Harris Technologies, LHX, Form 4, Insider Transaction, Director Compensation, Phantom Stock Units, Equity Acquisition, Rule 10b5-1