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

Director Joanna Geraghty acquired 887 shares of L3Harris Technologies through an equity-based retainer, which will generally vest on April 21, 2026.

Summary

• On April 21, 2025, Joanna Geraghty, a director of L3Harris Technologies, acquired 887 shares of common stock.
• The acquisition was part of a non-employee director's equity-based retainer.
• These director share units generally vest on April 21, 2026, contingent upon continued service.
• The units will be settled in shares of common stock upon Geraghty's separation from service, as per a prior election to defer such units upon vesting.
• Following the transaction, Geraghty beneficially owns 4,248.95 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral to slightly positive indicator of corporate governance.

Positives

• The acquisition reflects continued director engagement and investment in L3Harris Technologies.
• The equity-based retainer aligns director interests with long-term company performance.

Future Outlook

The director share units will vest on April 21, 2026, contingent upon continued service, and will be settled in shares of common stock upon the reporting person's separation from service with the Issuer.

Industry Context

Director share acquisitions are a common practice in publicly traded companies to align the interests of directors with those of shareholders, promoting long-term value creation. This is a standard method of compensation for board members.

Comparison to Industry Standards

• Equity-based compensation for directors is a common practice among publicly traded companies, including those in the aerospace and defense sector like Lockheed Martin (LMT), Boeing (BA), and Northrop Grumman (NOC).
• These companies often use stock options, restricted stock units (RSUs), or deferred stock units to align director interests with shareholder value.
• The vesting schedules and terms of these equity grants can vary, but they typically require continued service on the board.
• The amount of equity granted to directors is often benchmarked against peer companies to ensure competitive compensation packages.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• It demonstrates the director's commitment to the company's long-term success.

Key Dates

Keywords

L3Harris Technologies, Director, Joanna Geraghty, Share Acquisition, Equity-Based Retainer, Director Share Units, Beneficial Ownership, Form 4