L3Harris executive granted phantom stock units
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies executive Kenneth L. Bedingfield, President, Missile Solutions, received 18.83 phantom stock units, each economically equivalent to one share of common stock at an indicated value of $292.93 per unit. Following this award, his balance under the plan is 352.38 phantom stock units.
The units were accrued under the company’s Excess Retirement Savings Plan and will be settled in cash upon retirement or certain other events. The total includes 1.49 phantom stock units added through dividend credits since his last report.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 18.83 | $292.93 | $6K |
Footnotes (3)
- F1. Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
- F2. The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan"). Phantom Stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts in the Plan.
- F3. Includes 1.49 phantom stock units acquired through dividend credits under the Plan since last reported by this reporting person.
Key Figures
Key Terms
Phantom Stock Units financial
Excess Retirement Savings Plan financial
dividend credits financial
FAQ
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What did L3Harris (LHX) executive Kenneth Bedingfield report in this Form 4?
How large is Kenneth Bedingfield’s new phantom stock award at L3Harris (LHX)?
What is a phantom stock unit in the context of L3Harris (LHX)?
Under which plan were the phantom stock units granted to the L3Harris (LHX) executive?
When will Kenneth Bedingfield’s L3Harris (LHX) phantom stock units be settled?
Did dividend credits affect Kenneth Bedingfield’s phantom stock holdings at L3Harris (LHX)?
AI-generated analysis. How Rhea-AI works. Not financial advice.