Form 4: L3Harris Technologies Executive Sean J. Stackley Reports Stock Sales

Sean J. Stackley, a Senior VP at L3Harris Technologies, reported the sale of company stock in two transactions on June 14 and June 17, 2024.

Summary

• Sean J. Stackley, a Senior Vice President at L3Harris Technologies, reported changes in beneficial ownership of the company's stock.
• On June 14, 2024, Stackley sold 3,354 shares of common stock at a price of $218 per share.
• On June 17, 2024, Stackley sold another 3,354 shares of common stock at a price of $216.73 per share.
• Following these transactions, Stackley directly owns 14,186.35 shares of L3Harris Technologies common stock.
• The reported holdings include 84.43 shares acquired through the Issuer's retirement plan as of March 31, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales by an executive, which is a routine occurrence.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the overall trend of insider transactions and company performance when evaluating the significance of these sales.

Comparison to Industry Standards

• Executive stock sales are a normal part of executive compensation.
• Comparing Stackley's transactions to those of executives at similar companies like RTX, Boeing, or Lockheed Martin would provide context.
• Factors to consider include the size of the sales relative to total holdings, the timing of the sales, and the executive's overall compensation package.

Stakeholder Impact

• The stock sales could have a minor, short-term impact on shareholder sentiment.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates