Form 4: L3Harris Technologies CEO Christopher Kubasik Executes Stock Option and Sells Shares

Christopher Kubasik, CEO of L3Harris Technologies, exercised stock options and sold shares on March 25th and 26th, 2024.

Summary

• Christopher E. Kubasik, the Chair and CEO of L3Harris Technologies, executed stock options and sold shares of common stock on March 25 and March 26, 2024.
• On March 25, 2024, Kubasik exercised options to acquire 40,000 shares at a price of $97.24 per share and then sold those 40,000 shares at a weighted average price of $212.22.
• On March 26, 2024, Kubasik exercised options to acquire 6,258 shares at a price of $97.24 per share and then sold those 6,258 shares at a price of $211.91.
• Following these transactions, Kubasik directly owns 116,175.16 shares of L3Harris Technologies common stock.
• Kubasik also indirectly owns 43,047 shares through a grantor retained annuity trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock option exercises and sales are a common occurrence in publicly traded companies and are often related to executive compensation and personal financial planning.

Comparison to Industry Standards

• Executive compensation practices, including stock options, are generally benchmarked against peer companies in the aerospace and defense industry.
• Companies like RTX, Boeing, and Lockheed Martin also utilize stock options as part of their executive compensation packages.
• The specific terms and conditions of these options, such as the exercise price and vesting schedule, can vary significantly between companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates