Form 4: L3Harris Technologies Director Acquires Share Units

Director David S. Regnery acquired 887 director share units of L3Harris Technologies, Inc. on April 21, 2025, which will generally vest on April 21, 2026.

Summary

• On April 21, 2025, David S. Regnery, a director of L3Harris Technologies, Inc., acquired 887 director share units.
• These units were awarded as part of the non-employee director's equity-based retainer.
• The share units generally vest on April 21, 2026, contingent upon continued service and the terms of the director share unit agreement.
• Upon vesting, the units will be settled in shares of common stock following the reporting person's separation from service with the Issuer, as per a prior election to defer such units.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of share units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The director share units will vest on April 21, 2026, subject to continued service, and will be settled in shares of common stock upon the reporting person's separation from service with the Issuer.

Industry Context

This filing is a routine disclosure related to director compensation practices, which are common in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include equity-based awards to incentivize performance and align interests with shareholders.
• The vesting schedule of these units is typical, usually requiring continued service over a specified period.
• Companies like Lockheed Martin (LMT) and Boeing (BA) also utilize similar equity compensation strategies for their directors.

Stakeholder Impact

• The acquisition of share units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Director Share Units, L3Harris Technologies, Form 4, Equity Compensation, Beneficial Ownership, Regnery, Director