Form 4: L3Harris Technologies Director Regnery Acquires Phantom Stock Units

Director David S. Regnery acquired phantom stock units in L3Harris Technologies through a non-employee director compensation plan.

Summary

• On April 1, 2025, David S. Regnery, a director of L3Harris Technologies, acquired 178.78 phantom stock units.
• The acquisition was made under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
• The price per share was $209.75.
• Following the transaction, Regnery beneficially owns 593.98 shares of common stock, including 2.27 phantom stock units acquired through dividend credits.
• The phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The dividend credits further increase the director's stake in the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation plans involving phantom stock units are common among publicly traded companies, particularly in the defense and technology sectors.
• Companies like Lockheed Martin, Northrop Grumman, and Raytheon Technologies also utilize similar equity-based compensation to incentivize their directors.
• The specific terms of the L3Harris plan, such as the vesting schedule and settlement terms, would need to be compared to those of its peers to assess its relative competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

L3Harris Technologies, Director, Phantom Stock Units, Beneficial Ownership, Form 4, Regnery, LHX, Non-Employee Director Compensation Plan