Form 4: L3Harris Technologies Executive Ross Niebergall Reports Stock Option Exercises and Sales
SEC Form 4
Ross Niebergall, President of Aerojet Rocketdyne (a division of L3Harris Technologies), executed stock options and sold shares of L3Harris Technologies common stock.
Summary
- On November 6, 2024, Ross Niebergall exercised options to acquire 1,100 shares of L3Harris Technologies common stock at a price of $119.66 per share.
- On the same day, Niebergall sold 1,100 shares at $260 per share.
- On November 8, 2024, Niebergall exercised options to acquire 2,150 shares of L3Harris Technologies common stock at a price of $119.66 per share.
- On the same day, Niebergall sold 2,150 shares at $260 per share.
- Following these transactions, Niebergall directly owns 10,340.16 shares of L3Harris Technologies common stock.
- Niebergall also holds options to purchase 0 shares of L3Harris Technologies common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 06/29/2019 | Date the Non-Qualified Stock Options were granted. |
| 08/25/2027 | Expiration date of the Non-Qualified Stock Options. |
| 11/06/2024 | Date of stock option exercise and sale of 1,100 shares. |
| 11/08/2024 | Date of stock option exercise and sale of 2,150 shares. |
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