Form 4: L3Harris Technologies Director Sallie B. Bailey Reports Acquisition of Director Share Units

Director Sallie B. Bailey reports acquisition of director share units in L3Harris Technologies, Inc.

Summary

• On April 21, 2025, Sallie B. Bailey, a director of L3Harris Technologies, Inc., acquired 887 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 21, 2026, contingent upon continued service and the terms of the director share unit agreement.
• Bailey also acquired 19.47 shares through dividend reinvestment.
• Following the reported transaction, Bailey beneficially owns 6,680.78 shares of L3Harris Technologies common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director signals confidence in the company's future, but it's a routine transaction.

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 and confidence in the company's future.

Future Outlook

The director share units will generally vest on 4/21/2026, 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 equity ownership, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages, including equity-based retainers, are common practice among publicly traded companies like L3Harris Technologies.
• Companies such as Lockheed Martin (LMT) and RTX Corporation (RTX) also utilize similar equity-based compensation strategies for their directors to incentivize long-term value creation.
• The vesting schedules and terms of these equity grants are typically aligned with industry benchmarks to attract and retain qualified board members.

Stakeholder Impact

• The acquisition of director share units reinforces the alignment of director interests with shareholder value.
• This can positively influence investor confidence.

Key Dates

Keywords

L3Harris Technologies, Director Share Units, Beneficial Ownership, Form 4, Sallie B. Bailey, Dividend Reinvestment, Equity-Based Retainer