Form 4: L3Harris Technologies CEO Christopher Kubasik Reports Changes in Beneficial Ownership

Christopher Kubasik, CEO of L3Harris Technologies, reports changes in his beneficial ownership of company stock due to a grantor retained annuity trust termination and shares acquired through the company's retirement plan.

Summary

• On May 2, 2025, Christopher E. Kubasik, CEO of L3Harris Technologies, reported changes in his beneficial ownership of the company's common stock.
• A grantor retained annuity trust terminated, transferring 1,158 shares to Kubasik's children and 4,773 shares to Kubasik himself.
• Kubasik also acquired 75.14 shares through the Issuer's retirement plan as of March 28, 2025.
• Following these transactions, Kubasik directly owns 134,477.44 shares and indirectly owns 47,830 shares through a grantor retained annuity trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings, which investors may monitor for insights into management's perspective on the company's value.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in the aerospace and defense industry, with companies like Lockheed Martin, Boeing, and Northrop Grumman also subject to similar reporting requirements.
• The size and frequency of these transactions are typical for executives at large publicly traded companies.

Stakeholder Impact

• Shareholders may be interested in the CEO's stock transactions as an indicator of confidence in the company's future performance.

Key Dates

Keywords

L3Harris Technologies, Christopher Kubasik, beneficial ownership, Form 4, stock, grantor retained annuity trust, retirement plan, shares