Form 4: L3Harris Technologies Director Robert B. Millard Reports Acquisition of Director Share Units

Director Robert B. Millard reports the acquisition of director share units in L3Harris Technologies, vesting on April 19, 2025, and settled upon separation from service.

Summary

• Robert B. Millard, a director at L3Harris Technologies, reported the acquisition of 924 director share units on April 19, 2024.
• These units were awarded as part of the non-employee director's equity-based retainer.
• The director share units generally vest on April 19, 2025, contingent upon continued service.
• Upon vesting, and pursuant to a prior election to defer such units, the units will be settled in shares of common stock upon Millard's separation from service from L3Harris Technologies.
• Millard also indirectly owns 209,428 shares of Common Stock, Par Value $1.00 by grantor retained annuity trust and 14,943 shares by family trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with company performance.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• The vesting of these units is tied to continued service, incentivizing the director's ongoing commitment.

Future Outlook

The director share units will be settled in shares of common stock upon the reporting person's separation from service from the Issuer.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The acquisition of director share units aligns the director's interests with those of the shareholders.
• The vesting requirements incentivize the director to remain committed to the company's success.

Key Dates