Form 4: L3Harris Director Acquires Phantom Stock Units

L3Harris Technologies Director Christina L. Zamarro acquired phantom stock units under the company's director compensation plan.

Summary

• Christina L. Zamarro, a Director at L3Harris Technologies, Inc., acquired 128.32 phantom stock units on July 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.
• The reported transaction price was $292.93 per unit.
• Following the transaction, Zamarro beneficially owns 6,267.12 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation transaction for a director rather than a significant strategic event or financial performance indicator.

Positives

• Director participation in equity-based compensation plans can align management interests with shareholders.
• The acquisition of phantom stock units indicates continued commitment from the director.
• Dividend credits of 23.91 phantom stock units suggest ongoing value accrual.

Risks

• Phantom stock units are subject to settlement upon separation from service, which introduces timing uncertainty for the director.
• The value of phantom stock units is tied to the company's common stock performance, exposing the director to market volatility.

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 for director compensation is a common practice in the aerospace and defense industry, aiming to align long-term strategic interests with shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director aligns their interests with long-term company performance, potentially benefiting shareholders.
• Management/Directors: The transaction reflects the director's continued participation in the company's equity incentive program.

Next Steps

• Settlement of phantom stock units in shares of common stock upon reporting person's separation from service.

Key Dates

Keywords

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