Form 4: L3Harris Technologies Director Robert B. Millard Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Robert B. Millard reports acquisition of L3Harris Technologies common stock and phantom stock units through dividend credits and deferred compensation.
Summary
- Robert B. Millard, a director of L3Harris Technologies, reported changes in beneficial ownership of the company's securities on April 3, 2025.
- The report indicates the acquisition of 238.38 shares of common stock at a price of $209.75 per share on April 1, 2025.
- Millard also acquired 51.89 phantom stock units through dividend credits under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan.
- Following these transactions, Millard directly owns 9,701.77 shares of common stock and indirectly owns 209,428 shares through a grantor retained annuity trust and 14,943 shares through a family trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting transactions. The acquisition of shares by a director could be seen as mildly positive, but it's not a strong indicator.
Positives
- The acquisition of shares by a director could be interpreted as a positive signal regarding the director's confidence in the company's future prospects.
Future Outlook
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.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The acquisition of shares by a director may influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction for common stock acquisition and phantom stock units. |
| 04/03/2025 | Date of report filing. |
Keywords
L3Harris Technologies, Robert B. Millard, Form 4, Beneficial Ownership, Common Stock, Phantom Stock Units, Director Compensation Plan, Dividend Credits
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.