Form 4: L3Harris Director Christina Zamarro Increases Stake Through Deferred Compensation Plan

L3Harris Technologies Director Christina L. Zamarro acquired 148.7 phantom stock units through a deferred compensation plan, increasing her beneficial ownership to 5,044.01 units.

Summary

• Christina L. Zamarro, a Director of L3HARRIS TECHNOLOGIES, INC. (LHX), acquired 148.7 phantom stock units on July 1, 2025.
• Each phantom stock unit was valued at $252.18 for this transaction.
• The acquisition represents a credit under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan, stemming from a prior election to defer a portion of the non-employee director quarterly cash retainer.
• These phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service.
• Following this transaction, Christina L. Zamarro beneficially owns a total of 5,044.01 phantom stock units.
• The total beneficial ownership includes an additional 20.88 phantom stock units acquired through dividend credits under the Plan since the last report.

Sentiment

Score: 6

Explanation: The filing indicates a routine acquisition of phantom stock units by a director as part of a deferred compensation plan, which is a neutral event. However, the director's continued accumulation of equity, even through deferred compensation, can be viewed as a positive sign of alignment with shareholder interests, slightly elevating the sentiment.

Positives

• Director Christina L. Zamarro increased her beneficial ownership in L3Harris Technologies, Inc. by acquiring 148.7 phantom stock units, demonstrating continued alignment with shareholder interests.
• The acquisition is part of a deferred compensation plan, indicating a long-term commitment by the director to the company's performance.

Negatives

• NA

Risks

• NA

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.

Management Comments

• NA

Industry Context

This Form 4 filing details an individual director's compensation and stock acquisition, which is a routine disclosure for publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics, but rather reflects standard corporate governance practices regarding executive and director compensation in the defense and aerospace sector where L3Harris Technologies operates.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders through equity accumulation.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Next Steps

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

Key Dates

Keywords

L3Harris Technologies, LHX, Christina Zamarro, Form 4, SEC filing, Insider transaction, Director compensation, Phantom stock units, Deferred compensation, Stock ownership