Form 4: L3Harris Director Joanna Geraghty Acquires Phantom Stock Units as Deferred Compensation

L3Harris Technologies Director Joanna Geraghty acquired 168.81 phantom stock units on July 1, 2025, as part of her deferred compensation plan, increasing her total beneficial ownership to 4,430.78 units.

Summary

• Joanna Geraghty, a Director of L3Harris Technologies, Inc. (LHX), acquired 168.81 phantom stock units.
• The transaction occurred on July 1, 2025, with the units valued at $252.18 each.
• These units were credited under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan, representing a deferred portion of her non-employee director quarterly cash retainer.
• Phantom stock units are subject to settlement solely in shares of L3Harris common stock upon her separation from service with the Issuer.
• Her total beneficial ownership after this reported transaction is 4,430.78 phantom stock units.
• This total includes 13.03 phantom stock units acquired through dividend credits under the Plan since her last report.

Sentiment

Score: 7

Explanation: The filing indicates a routine acquisition of phantom stock units by a director as part of a deferred compensation plan, which is a positive sign of continued insider ownership and alignment with shareholder interests, though it does not reflect new operational performance.

Positives

• Director Joanna Geraghty increased her beneficial ownership in L3Harris Technologies by acquiring 168.81 phantom stock units, demonstrating continued alignment with shareholder interests.
• The acquisition is part of a structured compensation plan, indicating a stable and predictable method for director remuneration and equity accumulation.

Future Outlook

Phantom stock units acquired by the reporting person are subject to settlement solely in shares of L3Harris Technologies, Inc. common stock upon her separation from service with the Issuer.

Management Comments

• The acquisition of phantom stock units is pursuant to the reporting person's prior election to defer a portion of the non-employee director quarterly cash retainer amount under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.

Industry Context

This Form 4 filing represents a standard disclosure of insider transactions, specifically related to director compensation. Such filings are common across publicly traded companies as part of their corporate governance and transparency requirements, reflecting how non-employee directors accrue equity in the company.

Related Party Transactions

• Acquisition of phantom stock units by Joanna Geraghty, a Director, under the company's 2019 Non-Employee Director Compensation Plan, representing a deferred portion of her quarterly cash retainer.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders through equity ownership.

Next Steps

• Phantom stock units will be settled in shares of L3Harris Technologies, Inc. common stock upon Joanna Geraghty's separation from service with the Issuer.

Key Dates

Recommendation

Keywords

L3Harris Technologies, LHX, Form 4, Insider Transaction, Director Compensation, Phantom Stock Units, Equity Acquisition, Corporate Governance