Form 4: L3Harris Technologies Director Receives Share Units

Christina L. Zamarro, a director at L3Harris Technologies, acquired 887 director share units on April 21, 2025, which will generally vest on April 21, 2026, and be settled in shares upon separation from service.

Summary

• Christina L. Zamarro, a director of L3Harris Technologies, reported a transaction on April 21, 2025.
• She acquired 887 director share units at a price of $0.
• These units are part of the non-employee director's equity-based retainer.
• The units generally vest on April 21, 2026, contingent on continued service.
• Upon vesting, the units will be settled in shares of common stock after separation from service.
• Following the transaction, Zamarro beneficially owns 4,874.43 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning interests with shareholders and incentivizing continued service.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• The vesting schedule incentivizes continued service by the director.

Future Outlook

The director share units will vest on April 21, 2026, subject to continued service, and will be settled in shares of common stock upon separation from service.

Industry Context

This filing is a routine disclosure of equity compensation for a director, which is a common practice in publicly traded companies to align the interests of directors with shareholders.

Comparison to Industry Standards

• Director compensation packages, including share units, are common across the aerospace and defense industry.
• Companies like Lockheed Martin (LMT) and Northrop Grumman (NOC) also utilize equity-based compensation for their directors.
• The vesting schedules and terms are generally consistent with industry practices to incentivize long-term commitment.

Stakeholder Impact

• The granting of share units to a director aligns their interests with those of shareholders, potentially leading to better corporate governance and decision-making.
• The vesting schedule incentivizes the director to remain engaged and contribute to the company's success.

Key Dates

Keywords

L3Harris Technologies, Director Share Units, Beneficial Ownership, Form 4, Equity Compensation, Zamarro, LHX