Form 4: L3Harris Director Adds Phantom Stock Units

L3Harris Technologies director Joanna Geraghty acquired 145.61 phantom stock units, increasing her beneficial ownership to 4,588.55 units.

Summary

• Joanna Geraghty, a Director of L3Harris Technologies, Inc., acquired 145.61 phantom stock units.
• The acquisition occurred on October 1, 2025, at a price of $300.47 per unit.
• These units were credited under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan, representing a deferral of her quarterly cash retainer.
• Following this transaction, Geraghty beneficially owns a total of 4,588.55 phantom stock units.
• The total beneficial ownership includes 12.17 phantom stock units acquired through dividend credits under the Plan since her last report.
• Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon her separation from service.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director, especially as part of a compensation plan, is generally viewed as a neutral to slightly positive signal, indicating continued alignment of interests with shareholders. It's a routine transaction, not indicative of significant operational news.

Positives

• Director Joanna Geraghty increased her beneficial ownership in the company by acquiring additional phantom stock units.
• The acquisition demonstrates continued participation in the company's non-employee director compensation plan, aligning her interests with shareholders.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing for director compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership aligns her interests further with shareholders, potentially signaling confidence in the company's long-term performance.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of phantom stock units by a director as part of a compensation plan. While it shows continued alignment of interests, it does not provide new fundamental information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals.

Keywords

L3Harris Technologies, LHX, Form 4, Insider Trading, Director Compensation, Phantom Stock Units, Equity Acquisition