Form 4: L3Harris Technologies Director, Joanna Geraghty, Receives Director Share Units

Director Joanna Geraghty received 924 director share units of L3Harris Technologies, Inc. on April 19, 2024, which will generally vest on April 19, 2025, subject to continued service.

Summary

• On April 19, 2024, Joanna Geraghty, a director of L3Harris Technologies, Inc., was granted 924 director share units.
• These units are part of the non-employee director's equity-based retainer.
• The director share units generally vest on April 19, 2025, contingent upon continued service and the terms of the director share unit agreement.
• Upon vesting, the units will be settled in shares of common stock following Ms. Geraghty's separation from service from the Issuer, as per a prior election to defer such units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholder value.

Positives

• The grant of director share units aligns the director's interests with the long-term performance of L3Harris Technologies.
• The vesting schedule encourages continued service by the director.

Future Outlook

The director share units will vest on April 19, 2025, subject to the director's continued service. Upon vesting, the units will be settled in shares of common stock following Ms. Geraghty's separation from service.

Industry Context

Director compensation in the form of equity is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The granting of director share units aligns the director's interests with those of shareholders, potentially leading to better corporate governance and decision-making.

Key Dates