Form 4: L3Harris Technologies Director Acquires Shares Through Equity-Based Retainer

Thomas A. Dattilo, a director at L3Harris Technologies, acquired 887 shares of common stock through an equity-based retainer on April 21, 2025.

Summary

• On April 21, 2025, Thomas A. Dattilo, a director of L3Harris Technologies, acquired 887 shares of common stock.
• The acquisition was part of a director share unit award related to the non-employee director's equity-based retainer.
• These share units generally vest on April 21, 2026, contingent upon continued service and the terms of the director share unit agreement.
• Dattilo also acquired 19.47 shares through dividend reinvestment.
• Following the transaction, Dattilo beneficially owns 8,588.78 shares of L3Harris Technologies common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence in the company, but it's a routine transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The equity-based retainer aligns the director's interests with those of the shareholders.
• Dividend reinvestment further demonstrates a long-term commitment to the company.

Future Outlook

The director share units will vest on April 21, 2026, contingent upon the director's continued service.

Industry Context

This filing is a routine disclosure of a director's share acquisition, which is common in publicly traded companies as part of executive compensation packages. It reflects a standard practice of aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include equity-based awards to incentivize performance and align interests with shareholders.
• Companies like Lockheed Martin (LMT) and Northrop Grumman (NOC) also utilize similar equity-based compensation for their directors.
• The vesting schedule of one year is fairly standard for director share unit awards.

Stakeholder Impact

• The director's share acquisition could have a slightly positive impact on shareholder sentiment.
• The equity-based compensation structure aligns the director's interests with those of the shareholders.

Key Dates

Keywords

L3Harris Technologies, Director, Share Acquisition, Equity-Based Retainer, Form 4, Beneficial Ownership, Dividend Reinvestment