Form 4: L3Harris Technologies Director Kirk S. Hachigian Reports Acquisition of Director Share Units

Director Kirk S. Hachigian reports acquisition of director share units and dividend reinvestment shares in L3Harris Technologies.

Summary

• Kirk S. Hachigian, a director of L3Harris Technologies, reported changes in beneficial ownership on April 19, 2024.
• He acquired 924 director share units as part of his equity-based retainer.
• These units generally vest on April 19, 2025, contingent on continued service.
• He also acquired 1.60 shares through dividend reinvestment.
• Hachigian indirectly owns 4,000 shares through a family trust.
• Following these transactions, Hachigian directly owns 3,218.6 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and increased share ownership through dividend reinvestment.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a commitment to increasing share ownership.

Future Outlook

The director share units will vest on 4/19/2025, subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding director compensation and ownership.

Key Dates