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 non-employee director compensation plan.

Summary

• On April 1, 2025, Christina L. Zamarro, a director of L3Harris Technologies, acquired 178.78 phantom stock units under the company's 2019 Non-Employee Director Compensation Plan.
• These units were credited due to the director's election to defer a portion of their quarterly cash retainer.
• The price per share for the acquisition was $209.75.
• Following the transaction, Zamarro beneficially owns 3,987.43 shares of common stock, including 18.72 phantom stock units acquired through dividend credits since the last report.
• The phantom stock units are subject to settlement solely in shares of L3Harris Technologies' common stock upon the director's separation from service.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of L3Harris Technologies.
• The Non-Employee Director Compensation Plan encourages directors to defer compensation, potentially reducing immediate cash outflow for the company.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance. It simply reports a transaction related to director compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the compensation structure for non-employee directors.

Comparison to Industry Standards

• Director compensation plans involving phantom stock units are common among publicly traded companies, particularly in the technology and defense sectors.
• Companies like Lockheed Martin, Boeing, and Northrop Grumman also utilize stock-based compensation to align director interests with shareholder value.
• The specific terms and conditions of these plans vary, but the underlying principle of incentivizing long-term performance remains consistent.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term success.

Key Dates

Keywords

L3Harris Technologies, Director, Phantom Stock Units, Non-Employee Director Compensation Plan, Beneficial Ownership, Form 4, Zamarro