Form 4: L3Harris Technologies Director Rita S. Lane Reports Acquisition and Disposal of Common Stock

Director Rita S. Lane reports acquisition of 924 shares and disposal of common stock in L3Harris Technologies, along with director share units.

Summary

• Rita S. Lane, a director of L3Harris Technologies, reported transactions involving the company's common stock.
• On April 19, 2024, Lane acquired 924 shares of common stock as an award of director share units, which will generally vest on April 19, 2025, subject to continued service.
• These units will be settled in shares of common stock upon Lane's separation from service from the Issuer.
• Lane also disposed of some common stock on April 19, 2024.
• Following these transactions, Lane beneficially owns 6,506 shares of common stock, which includes 78.02 shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions and alignment of director interests with the company's performance.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a commitment to increasing share ownership.

Future Outlook

The director share units will vest on 4/19/2025, subject to continued service, and 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 transactions provide transparency to shareholders regarding insider activity.
• The director's acquisition of share units aligns her interests with those of the shareholders.

Key Dates