Form 4: L3Harris Director Thomas Dattilo Receives Equity Grant
Statement of Changes in Beneficial Ownership
Director Thomas A. Dattilo was awarded 661 share units as part of his non-employee director equity-based retainer.
Summary
- Thomas A. Dattilo, a director at L3Harris Technologies, Inc., was granted 661 director share units on May 11, 2026.
- The grant is part of the standard non-employee director equity-based retainer program.
- The units are scheduled to vest on May 11, 2027, contingent upon continued service.
- Following this transaction, the director's total beneficial ownership increased to 9,264.86 shares, including phantom stock units from dividend reinvestment.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard corporate governance and compensation practices.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized, transparent disclosure of director compensation.
Negatives
- None identified; this is a routine administrative filing regarding director compensation.
Risks
- Vesting of the units 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 with the company.
Industry Context
StockSavvy.ai notes that equity-based retainers for board members are standard practice in the aerospace and defense sector to ensure long-term alignment between governance and shareholder value.
Comparison to Industry Standards
- The use of deferred share units for non-employee directors is consistent with compensation structures at peer companies like Lockheed Martin, Northrop Grumman, and General Dynamics.
Stakeholder Impact
- Minimal impact on shareholders; reflects standard director compensation practices.
Next Steps
- Vesting of the 661 share units on May 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/18/2025 | Date of Power of Attorney execution. |
| 05/11/2026 | Date of equity grant transaction. |
| 05/11/2027 | Scheduled vesting date for the granted share units. |
Keywords
L3Harris Technologies, LHX, Director Compensation, Equity Grant, Insider Ownership, SEC Form 4
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