Form 4: L3Harris Director Roger Fradin Receives Equity Grant
Director Equity Grant
Director Roger Fradin acquired 661 director share units as part of his annual equity-based retainer for L3Harris Technologies.
Summary
- Director Roger Fradin was granted 661 director share units on May 11, 2026.
- The units represent a portion of the non-employee director's equity-based retainer.
- The units are scheduled to vest on May 11, 2027, contingent upon continued service.
- Following this transaction, the director's total direct holdings increased to 6,889.86 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing related to director compensation that does not signal a change in company strategy or financial health.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Standardized equity grant process for non-employee directors.
Negatives
- None identified; this is a routine compensatory filing.
Risks
- Vesting is subject to continued service, creating a dependency on the director's ongoing tenure.
Future Outlook
The director share units are expected to vest on May 11, 2027, provided the director remains in service to the company.
Management Comments
- The grant is subject to the terms and conditions of the director share unit agreement.
Industry Context
StockSavvy.ai notes that this is a standard corporate governance disclosure regarding director compensation, common among large-cap aerospace and defense firms to ensure board alignment with shareholder interests.
Comparison to Industry Standards
- The use of equity-based retainers for non-employee directors is a standard practice among S&P 500 companies.
- The vesting period of one year is consistent with typical director compensation structures at peer companies like Lockheed Martin or Northrop Grumman.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Filing of a Power of Attorney authorizing specific individuals to execute Section 16 filings on behalf of the director. | 04/01/2025 | Administrative update to ensure timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders; reflects standard board compensation practices.
Next Steps
- Vesting of the 661 share units on May 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of Power of Attorney signature. |
| 05/11/2026 | Date of equity grant transaction. |
| 05/11/2027 | Scheduled vesting date for the granted share units. |
Keywords
L3Harris, LHX, Director Compensation, Insider Transaction, Equity Grant, Form 4
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