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

• On April 1, 2024, Christina L. Zamarro, a director of L3Harris Technologies, acquired 179.8 phantom stock units under the company's 2019 Non-Employee Director Deferred Compensation Plan.
• The acquisition was a result of deferring a portion of her quarterly cash retainer.
• These phantom stock units will be settled in shares of L3Harris Technologies common stock upon her separation from service.
• Zamarro's total holdings now include 2,319.76 shares, including 8.68 phantom stock units acquired through dividend credits since the last report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing indicates a director's continued investment in the company through a deferred compensation plan, which is generally viewed favorably.

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 phantom stock units will be settled in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer.

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 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 key personnel.
• The specifics of these plans vary widely across companies and industries.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's alignment with the company's long-term success.

Key Dates