Form 4: L3Harris Director Lewis Hay III Receives Equity Grant

Director Lewis Hay III acquired 661 director share units as part of his annual equity-based retainer for L3Harris Technologies.

Summary

• Director Lewis Hay III was granted 661 director share units on May 11, 2026.
• The units represent an equity-based retainer and are subject to vesting on May 11, 2027.
• Upon vesting and separation from service, these units will be settled in shares of common stock.
• The reporting person's total direct holdings increased to 7,419.34 shares, including phantom stock units.
• The filing also notes a transfer of 14,078 shares into a grantor retained annuity trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing regarding director compensation and internal share transfers.

Positives

• Demonstrates continued alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of director share units is contingent upon continued service with the issuer.

Future Outlook

The director share units are scheduled to vest on May 11, 2027, subject to continued service.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation common among large-cap aerospace and defense firms, reflecting standard corporate governance practices for board member retention.

Comparison to Industry Standards

• The use of deferred share units for director compensation is consistent with standard practices at major defense contractors like Lockheed Martin and Northrop Grumman.
• The structure of the grant aligns with typical annual equity retainer cycles for non-employee directors.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders; reflects standard board compensation practices.

Next Steps

• Vesting of the 661 director share units on May 11, 2027.

Key Dates

Keywords

L3Harris, LHX, Director Compensation, Insider Transaction, Equity Grant, Form 4