Form 4: L3Harris Technologies Director Peter Chiarelli Reports Acquisition of Phantom Stock Units

Director Peter Chiarelli reports acquiring phantom stock units in L3Harris Technologies through a deferred compensation plan.

Summary

• On April 1, 2024, Peter Chiarelli, a director of L3Harris Technologies, acquired 23.97 phantom stock units under the company's 2019 Non-Employee Director Deferred Compensation Plan.
• These units were acquired at a price of $208.565 per unit.
• The phantom stock units are subject to settlement in shares of L3Harris Technologies common stock upon Chiarelli's separation from service with the Issuer.
• Chiarelli's total holdings now include 4,877.89 common stock shares, including 5.75 phantom stock units acquired through dividend credits since the last report.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports routine transactions related to director compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates