Form 4: L3Harris Technologies Director Acquires Phantom Stock Units

Director Peter W. Chiarelli acquired phantom stock units in L3Harris Technologies through a deferred compensation plan.

Summary

• On October 1, 2024, Peter W. Chiarelli, a director of L3Harris Technologies, acquired 20.38 phantom stock units under the company's 2019 Non-Employee Director Deferred Compensation Plan.
• The acquisition was a result of deferring a portion of the director's quarterly cash retainer.
• The price per share was $245.29.
• Chiarelli now beneficially owns 5,856.59 shares of common stock, including 5.83 phantom stock units acquired through dividend credits since the last report.
• These phantom stock units will be settled in shares of L3Harris Technologies common stock upon Chiarelli's separation from service with the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director alignment with the company's performance through a deferred compensation plan.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment and alignment with the company's long-term performance.

Future Outlook

The director's phantom stock units will be settled in shares of L3Harris Technologies common stock upon separation from service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects a director's participation in a deferred compensation plan, a typical practice for aligning director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates