Form 4: L3Harris Technologies VP Acquires Stock Options and Restricted Stock Units

John P. Cantillon, VP and Principal Accounting Officer of L3Harris Technologies, reports acquisition of stock options and restricted stock units.

Summary

• John P. Cantillon, VP, Principal Accounting Officer of L3Harris Technologies, filed a Form 4.
• The filing reports the acquisition of 1,855 non-qualified stock options with an exercise price of $206.11, vesting ratably from 2/28/2026 to 2/28/2028 and expiring on 2/28/2035.
• Cantillon also acquired 443 restricted stock units (RSUs) that vest on 2/28/2028.
• Each RSU represents a contingent right to receive one share of common stock.
• The filing indicates direct ownership of 1,855 derivative securities and 443 restricted stock units following the reported transactions.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. The acquisition of stock options and RSUs by an executive could be interpreted as a mildly positive signal, suggesting confidence in the company's future.

Positives

• The acquisition of stock options and restricted stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document outlines future vesting dates for the acquired stock options and restricted stock units, contingent upon continued employment and the terms of the award agreements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Comparison to Industry Standards

• Stock option and RSU grants are common forms of executive compensation in publicly traded companies, particularly in the technology and defense sectors.
• The vesting schedules and terms outlined in the document appear to be standard practice for such awards.
• Comparable companies such as RTX, Boeing, and Lockheed Martin also utilize stock options and RSUs as part of their executive compensation packages.

Stakeholder Impact

• The acquisition of stock options and RSUs by a company executive can have a minor positive impact on shareholder sentiment.

Key Dates