Form 4: L3Harris Technologies Director Lewis Hay III Reports Changes in Beneficial Ownership

Director Lewis Hay III reports acquisition of director share units and changes in holdings of L3Harris Technologies stock.

Summary

• On April 19, 2024, Lewis Hay III, a director of L3Harris Technologies, acquired 924 director share units as part of his equity-based retainer.
• These units will generally vest on April 19, 2025, subject to continued service.
• Upon vesting, the units will be settled in shares of common stock after separation from service.
• Hay also acquired 78.02 shares through dividend reinvestment.
• Hay's direct holdings include 5,692 shares of common stock.
• Hay's indirect holdings include 9,200 shares held by Hay Second Family Limited Partnership and 4,828 shares held by a grantor retained annuity trust.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to director compensation and dividend reinvestment, indicating a neutral to slightly positive sentiment as it shows continued investment in the company.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a continued investment in the company's stock.

Future Outlook

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

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership and compensation.

Key Dates