Form 4: L3Harris Technologies Executive Samir Mehta Reports Stock Transactions
SEC Form 4 Filing
Samir Mehta, a Pres. of Communication Systems at L3Harris Technologies, reported the vesting of restricted stock units and subsequent stock transactions on February 1, 2025.
Summary
- On February 1, 2025, Samir Mehta, Pres. of Communication Systems at L3Harris Technologies, reported transactions involving the company's common stock.
- Mehta acquired 3,861 shares of common stock upon the vesting of restricted stock units (RSUs).
- Simultaneously, Mehta disposed of 953 shares to cover tax obligations at a price of $212.01 per share.
- Following these transactions, Mehta directly owns 5,863.71 shares of L3Harris Technologies common stock.
- This includes 50.71 shares acquired through the Issuer's retirement plan based on information provided by the plan's administrators as of 1/3/2025.
- Mehta also holds 3,861 restricted stock units that are yet to vest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining RSUs vest on 2/1/2026.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 1/3/2025 | Date of retirement plan information provided by the plan's administrators. |
| 02/01/2024 | First tranche of Restricted Stock Units vested. |
| 02/01/2025 | Date of stock transactions: vesting of RSUs and disposal of shares for tax obligations; second tranche of Restricted Stock Units vested. |
| 02/01/2026 | Remaining Restricted Stock Units vest. |
| 02/04/2025 | Date of Form 4 filing. |
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