Form 4: L3Harris Technologies Director Roger Fradin Reports Acquisition of Director Share Units

Director Roger Fradin reported the acquisition of director share units and shares through dividend reinvestment in L3Harris Technologies.

Summary

• On April 19, 2024, Roger Fradin, a director of L3Harris Technologies, acquired 924 director share units.
• 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.
• Fradin also acquired 20.05 shares through dividend reinvestment.
• Following these transactions, Fradin directly owns 5,307.32 shares and indirectly owns 185 shares through the Fradin Community Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The filing indicates standard director compensation practices and continued investment in the company through dividend reinvestment.

Positives

• The acquisition of director share units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a continued investment in the company's stock.

Future Outlook

The director share units will generally vest on 4/19/2025, subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages often include equity-based awards to align director interests with shareholder value, similar to practices at companies like Lockheed Martin (LMT) and Boeing (BA).
• Dividend reinvestment programs are common, allowing shareholders, including directors, to increase their stake in the company over time, a practice also seen at General Dynamics (GD) and Northrop Grumman (NOC).

Stakeholder Impact

• The acquisition of director share units aligns the director's interests with those of shareholders.
• Dividend reinvestment demonstrates a commitment to the company's long-term success.

Key Dates