Form 4: L3Harris Director Acquires Phantom Stock Units

L3Harris Technologies Director Christina L. Zamarro acquired phantom stock units under the company's Non-Employee Director Compensation Plan.

Summary

• Christina L. Zamarro, a Director at L3Harris Technologies, Inc., acquired 105.96 phantom stock units on April 1, 2026.
• These 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.
• The phantom stock units are convertible into shares of the Issuer's common stock upon Zamarro's separation from service.
• An additional 16.95 phantom stock units were acquired through dividend credits.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation and does not indicate significant new financial performance or strategic shifts.

Positives

• Director participation in equity-based compensation plans, indicating alignment with shareholder interests.
• Dividend reinvestment in phantom stock units suggests continued value accrual for the director.

Risks

• The value of phantom stock units is tied to the company's common stock performance, exposing the director to market volatility.
• Settlement of phantom stock units is contingent upon separation from service, which could be subject to various factors.

Future Outlook

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

Industry Context

StockSavvy.ai notes that the use of phantom stock units by directors is a common practice in the aerospace and defense industry, aligning executive and director compensation with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices and does not immediately impact share count or dilution, but the future issuance of shares upon settlement will.

Next Steps

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

Key Dates

Keywords

Form 4, SEC Filing, L3Harris Technologies, LHX, Director Compensation, Phantom Stock Units, Equity Compensation, Insider Trading, Beneficial Ownership