Form 4: L3Harris Director Receives Phantom Stock Units

David S. Regnery, a Director at L3Harris Technologies, Inc., received phantom stock units under the company's Non-Employee Director Compensation Plan.

Summary

• Director David S. Regnery acquired 128.32 phantom stock units on July 1, 2026, under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• These units were granted as a deferral of non-employee director quarterly cash retainers.
• The phantom stock units are convertible into shares of L3Harris common stock upon the reporting person's separation from service.
• The filing also notes an additional 14.80 phantom stock units 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 event for a director and does not indicate significant changes in ownership or company performance.

Positives

• Director compensation plan continues to operate as intended, with phantom stock units being credited.
• Dividend reinvestment is active, increasing the number of phantom stock units held.

Risks

• The value of the phantom stock units is tied to the future performance and stock price of L3Harris Technologies, Inc.
• Settlement of phantom stock units is contingent upon the reporting person's separation from service.

Future Outlook

The phantom stock units are subject to settlement solely 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 this Form 4 filing is a routine disclosure for insider transactions, indicating ongoing compensation practices for directors within the aerospace and defense industry.

Stakeholder Impact

• Shareholders: The transaction reflects the ongoing compensation of a director, which is a standard corporate practice and does not immediately impact share count or market dynamics.

Next Steps

• Settlement of phantom stock units upon reporting person's separation from service.

Key Dates

Keywords

L3Harris Technologies, SEC Form 4, Director Compensation, Phantom Stock Units, Insider Trading, Equity Compensation, Securities Ownership