Form 4: L3Harris Technologies CFO Reports Acquisition of Phantom Stock Units

Kenneth L. Bedingfield, CFO of L3Harris Technologies, reports the acquisition of phantom stock units under the company's Excess Retirement Savings Plan.

Summary

• Kenneth L. Bedingfield, the SVP and Chief Financial Officer of L3Harris Technologies, reported a transaction involving phantom stock units on October 1, 2024.
• He acquired 11.57 phantom stock units under the Issuer's Excess Retirement Savings Plan.
• These units are economically equivalent to shares of L3Harris Technologies common stock.
• The price per unit was $245.29.
• Following the reported transaction, Bedingfield beneficially owns 22.77 phantom stock units, including 0.06 units acquired through dividend credits.
• The phantom stock units are to be settled in cash upon the reporting person's retirement or other events.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, suggesting stability and alignment of management interests. The acquisition of phantom stock units is a positive sign, indicating confidence in the company's future.

Positives

• The acquisition of phantom stock units by a key executive signals confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's retirement or other events.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's performance and management's confidence. Phantom stock units are a common form of deferred compensation used to align executive interests with shareholder value.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects management's confidence in the company.

Key Dates