Form 4: L3Harris Technologies Director Robert Millard Reports Changes in Beneficial Ownership

Director Robert Millard reports acquisition of director share units and indirect ownership of L3Harris Technologies common stock.

Summary

• Robert B. Millard, a director of L3Harris Technologies, reported changes in beneficial ownership of the company's securities.
• On April 21, 2025, Millard acquired 887 director share units, which will generally vest on April 21, 2026, subject to continued service.
• These units are equity-based retainers for non-employee directors and will be settled in shares of common stock upon separation from service.
• Millard also indirectly owns 209,428 shares of common stock through a grantor retained annuity trust and 14,943 shares through a family trust.
• The reported transactions were filed on April 22, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of director share units is a positive sign of alignment between the director and the company's long-term performance.

Future Outlook

The director share units will vest on 4/21/2026, subject to continued service, and will be settled in shares of common stock upon the reporting person's separation from service with 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 acquisition of director share units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

L3Harris Technologies, Director Share Units, Beneficial Ownership, Robert Millard, Form 4, Equity, Securities