Form 4: L3Harris Technologies Director Christina L. Zamarro Reports Acquisition of Common Stock and Phantom Stock Units
SEC Form 4 Filing
Director Christina L. Zamarro reports acquisition of common stock and phantom stock units in L3Harris Technologies through a non-employee director deferred compensation plan.
Summary
- On October 1, 2024, Christina L. Zamarro, a director of L3Harris Technologies, acquired 152.88 shares of common stock at a price of $245.29 per share.
- This acquisition was made through a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Deferred Compensation Plan.
- Zamarro also acquired 14.34 phantom stock units through dividend credits under the Plan since the last report.
- Following the reported transaction, Zamarro beneficially owns 3,594 shares of common stock, including phantom stock units.
- Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of stock and phantom stock units suggests confidence in the company, but it's a routine transaction.
Positives
- The director's participation in the deferred compensation plan indicates confidence in the company's future performance.
- The acquisition of phantom stock units through dividend credits suggests a positive return on existing holdings within the plan.
Future Outlook
The document does not contain specific forward-looking statements, but the acquisition of stock and phantom stock units suggests a positive outlook from the director.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their investment decisions.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of common stock and phantom stock units. |
| 10/03/2024 | Date of signature for the report. |
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