Form 4: L3Harris Technologies Executive Sean J. Stackley Reports Stock Transactions
SEC Form 4 Filing
Sean J. Stackley, Sr. VP of Strategy, Growth & Tech at L3Harris Technologies, reports the vesting and settlement of performance stock units and restricted stock units, along with associated tax withholding.
Summary
- On February 23, 2024, Sean J. Stackley settled 5,038 performance stock units, receiving shares of L3Harris Technologies common stock.
- Also on February 23, 2024, 1,765 shares were disposed of to cover tax obligations related to the performance stock unit settlement at a price of $214.45.
- On February 26, 2024, 2,406 restricted stock units vested and were settled in shares of common stock.
- On February 26, 2024, 1,154 shares were disposed of to cover tax obligations related to the restricted stock unit vesting at a price of $211.74.
- Following these transactions, Stackley directly owns 20,809.92 shares of L3Harris Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of performance stock units and restricted stock units indicates that performance goals were likely met, which is a positive signal.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like L3Harris Technologies, similar to filings made by executives at companies like RTX, Boeing, and Lockheed Martin.
- The reporting of stock unit settlements and tax withholdings is consistent with standard executive compensation practices across the aerospace and defense industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 12/29/2023 | Date of information provided by the plan's administrator regarding shares acquired through the Issuer's retirement plan. |
| 02/23/2024 | Settlement of performance stock units and associated tax withholding. |
| 02/26/2024 | Vesting of restricted stock units and associated tax withholding. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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