Form 4: L3Harris Technologies Executive Scott T. Mikuen Reports Stock Sales

Scott T. Mikuen, Sr VP-General Counsel & Secretary of L3Harris Technologies, reported the sale of company stock in two transactions on March 15 and March 18, 2024.

Summary

• Scott T. Mikuen, a Senior Vice President, General Counsel, and Secretary at L3Harris Technologies, reported changes in beneficial ownership of the company's stock.
• On March 15, 2024, Mikuen sold 1,292 shares of Common Stock at a price of $211.14 per share.
• On March 18, 2024, Mikuen sold 3,363 shares of Common Stock at a price of $212.86 per share.
• Following these transactions, Mikuen directly owns 55,254.05 shares of L3Harris Technologies Common Stock.
• Mikuen also indirectly owns 2,817 shares through a grantor retained annuity trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock sales by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider. It provides transparency to the market regarding the actions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like RTX, Boeing, and Lockheed Martin when they trade their company's stock.

Stakeholder Impact

• The stock sales by a company insider could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates