Form 4: L3Harris Technologies Director Christina L. Zamarro Reports Acquisition of Phantom Stock Units

Director Christina L. Zamarro reports acquisition of phantom stock units in L3Harris Technologies through a deferred compensation plan.

Summary

• Christina L. Zamarro, a director of L3Harris Technologies, reported the acquisition of 180.85 phantom stock units on January 2, 2025.
• These units were credited under the company's 2019 Non-Employee Director Deferred Compensation Plan at a price of $207.36.
• Zamarro's total holdings now include 3,789.93 shares.
• The phantom stock units are subject to settlement in shares of L3Harris common stock upon Zamarro's separation from service with the Issuer.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan allows directors to accumulate company stock over time.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their own company's stock. This allows the public to monitor insider sentiment and potential alignment with shareholder interests.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align their interests with shareholders.
• Deferred compensation plans are a common tool used by companies to attract and retain directors and key employees.
• The specifics of L3Harris's plan, such as the vesting schedule and settlement terms, would need to be compared to those of peer companies to assess its competitiveness.

Stakeholder Impact

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

Key Dates