Form 4: L3Harris Director Defers Pay into Phantom Stock

L3Harris Technologies director David S. Regnery acquired 123.16 phantom stock units by deferring quarterly cash retainers under a pre-arranged compensation plan.

Summary

• Director David S. Regnery acquired 123.16 phantom stock units of L3HARRIS TECHNOLOGIES, INC. (LHX).
• The acquisition occurred on January 2, 2026, at a price of $304.48 per unit.
• These units were credited under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• The acquisition resulted from Regnery's prior election to defer non-employee director quarterly cash retainers.
• Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon Regnery's separation from service.
• An additional 7.53 phantom stock units were acquired through dividend credits under the Plan.
• Following this transaction, Regnery beneficially owns 1,899.06 phantom stock units.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned compensation-related transaction for a director, which is neutral in sentiment. It reflects standard corporate governance and compensation practices without indicating any significant positive or negative operational or financial news.

Positives

• Director David S. Regnery increased his beneficial ownership in L3Harris Technologies by acquiring 123.16 phantom stock units, demonstrating continued alignment with shareholder interests.
• The acquisition was part of a pre-arranged 10b5-1 plan, indicating a structured approach to compensation deferral.
• An additional 7.53 phantom stock units were acquired through dividend credits, reflecting ongoing value accumulation from existing holdings.

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 filing details a routine compensation-related equity transaction for a director, which is a common practice in publicly traded companies to align executive and director interests with shareholders. It does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• Director David S. Regnery, a related party, acquired phantom stock units from L3Harris Technologies, Inc. as part of his non-employee director compensation plan.

Stakeholder Impact

• Shareholders: The transaction aligns the director's interests with shareholders by increasing his equity exposure, albeit through deferred compensation. It is a routine part of director compensation and is unlikely to have a material impact on share price or company operations.

Key Dates

Keywords

L3Harris Technologies, LHX, David S. Regnery, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Stock Deferral, 10b5-1 Plan, Equity Compensation