Form 4: L3Harris Director Joanna Geraghty Acquires Phantom Stock

L3Harris Technologies Director Joanna Geraghty acquired phantom stock units under the company's compensation plan, reflecting a deferral of director fees.

Summary

• Joanna Geraghty, a Director at L3Harris Technologies, Inc., acquired 123.62 phantom stock units on April 1, 2026.
• These units were acquired as a credit under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• The acquisition represents a deferral of the reporting person's quarterly cash retainers.
• The phantom stock units are subject to settlement in shares of L3Harris Technologies' common stock upon Geraghty's separation from service.
• Following this transaction, Geraghty beneficially owns 4,880.29 shares of common stock.

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 Joanna Geraghty's acquisition of phantom stock units indicates continued commitment and alignment with the company's long-term performance.
• The acquisition is part of a pre-established compensation plan, suggesting a structured and transparent approach to director compensation.
• Dividend credits of 11.33 phantom stock units were also acquired, demonstrating the compounding value of these awards.

Risks

• The value of the phantom stock units is tied to the company's common stock price, meaning any decline in L3Harris Technologies' stock value would negatively impact the value of these units.
• Settlement of phantom stock units is contingent upon separation from service, which introduces a timing risk for the reporting person.

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 the acquisition of phantom stock units by a director is a common practice in the aerospace and defense industry, often used to align executive and director interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition itself does not directly impact shareholders, but the underlying phantom stock units are tied to the company's stock performance, aligning director interests with shareholders.
• Employees: No direct impact on employees.
• Creditors: No direct impact on creditors.
• Suppliers: No direct impact on suppliers.

Next Steps

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

Key Dates

Keywords

L3Harris Technologies, Form 4, Insider Trading, Phantom Stock, Director Compensation, Equity Awards, SEC Filing, Stock Options, Beneficial Ownership