Form 4: L3Harris Director Joanna Geraghty Acquires L3LH Stock

L3Harris Technologies Director Joanna Geraghty acquired phantom stock units valued at approximately $149.71, reflecting a dividend reinvestment.

Summary

• Joanna Geraghty, a Director at L3Harris Technologies, Inc., acquired 149.71 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 subject to settlement in shares of L3Harris common stock upon Geraghty's separation from service.
• An additional 17.14 phantom stock units were acquired through dividend credits since the last report.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation-related transaction for a director rather than a new investment or divestment of personal capital.

Positives

• Director Joanna Geraghty's continued participation in the company's compensation plan, including dividend reinvestment, suggests confidence in the company's long-term value.
• The acquisition of phantom stock units through dividend credits indicates that the company is paying dividends, which is generally a positive sign for shareholders.

Negatives

• The transaction is a non-cash acquisition of phantom stock units, not a purchase of common stock with personal funds, which limits direct insight into the director's conviction to invest new capital.

Risks

• The value of the phantom stock units is tied to the performance of L3Harris Technologies, Inc. common stock, meaning any decline in stock price will negatively impact the value of these units.
• The settlement of phantom stock units is contingent upon the reporting person's separation from service, introducing a timing element that is not directly controllable.

Future Outlook

The phantom stock units are subject to settlement 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 insider transactions, such as this acquisition of phantom stock units by a director, are common in the aerospace and defense industry as a method of director compensation and alignment with shareholder interests.

Related Party Transactions

• The acquisition of phantom stock units by Director Joanna Geraghty under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan is a related party transaction.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price but reflects a standard compensation practice that aligns director interests with the company's stock performance.
• Employees: No direct impact on employees.
• Creditors: No direct impact on creditors.
• Suppliers: No direct impact on suppliers.
• Customers: No direct impact on customers.

Next Steps

• Settlement of phantom stock units in shares of L3Harris common stock upon Joanna Geraghty's separation from service.

Key Dates

Keywords

L3Harris Technologies, Form 4, Insider Trading, Stock Acquisition, Phantom Stock Units, Director Compensation, SEC Filing, Equity Compensation, Dividend Reinvestment