Form 4: L3Harris Technologies Director, Lewis Hay III, Reports Share Unit Award and Stock Distribution

Director Lewis Hay III reports the acquisition of director share units and a distribution of shares from a grantor retained annuity trust.

Summary

• Lewis Hay III, a director of L3Harris Technologies, reported changes in beneficial ownership of the company's stock.
• On April 21, 2025, Hay acquired 887 director share units, which will generally vest on April 21, 2026, subject to continued service.
• These units will be settled in shares of common stock upon Hay's separation from service with the Issuer.
• Hay also acquired 90.05 shares through dividend reinvestment.
• Additionally, 4,828 shares previously held in a grantor retained annuity trust were distributed to Hay.
• Hay's indirect ownership through Hay Second Family Limited Partnership is 14,028 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing routine transactions; it doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and changes in beneficial ownership, common for publicly traded companies.

Stakeholder Impact

• The changes in beneficial ownership are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

L3Harris Technologies, Director Share Units, Beneficial Ownership, Form 4, Hay Lewis III, Dividend Reinvestment, Grantor Retained Annuity Trust, Equity Compensation