L3Harris (LHX) Missile Solutions president receives new phantom stock unit award
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Bedingfield Kenneth L
Role
President, Missile Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 18.83 | $292.93 | $6K |
Holdings After Transaction:
Phantom Stock Units — 352.38 shares (Direct, null)
Footnotes (1)
- Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock. 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. Includes 1.49 phantom stock units acquired through dividend credits under the Plan since last reported by this reporting person.
Key Figures
Phantom stock units granted: 18.83 units
Per-unit economic value: $292.93 per unit
Total phantom units after grant: 352.38 units
+1 more
4 metrics
Phantom stock units granted
18.83 units
Grant on 2026-07-01
Per-unit economic value
$292.93 per unit
Value reference for phantom stock units
Total phantom units after grant
352.38 units
Balance following reported transaction
Dividend credit units
1.49 units
Additional units from dividend credits since last report
Key Terms
Phantom Stock Units, Excess Retirement Savings Plan, dividend credits
3 terms
Phantom Stock Units financial
"Each phantom stock unit is the economic equivalent of one share"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Excess Retirement Savings Plan financial
"The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan"
dividend credits financial
"Includes 1.49 phantom stock units acquired through dividend credits under the Plan"
FAQ
What did L3Harris (LHX) executive Kenneth Bedingfield report in this Form 4?
Kenneth Bedingfield reported receiving 18.83 phantom stock units linked to L3Harris common stock. These units were granted under the Excess Retirement Savings Plan and increase his total phantom stock unit balance to 352.38, reflecting deferred, cash-settled compensation rather than a market stock purchase.
How large is Kenneth Bedingfield’s new phantom stock award at L3Harris (LHX)?
The award is 18.83 phantom stock units, each economically equivalent to one L3Harris common share at $292.93 per unit. This is a relatively small, routine compensation-related grant that modestly increases his deferred economic exposure to the company’s stock performance through the retirement plan.
What is a phantom stock unit in the context of L3Harris (LHX)?
A phantom stock unit is an accounting credit whose value tracks L3Harris common stock but is settled in cash, not shares. Each unit equals one share economically, providing stock-linked compensation without issuing new stock, and is typically paid out upon retirement or other specified events.
Under which plan were the phantom stock units granted to the L3Harris (LHX) executive?
The phantom stock units were accrued under L3Harris’s Excess Retirement Savings Plan. This plan provides deferred, stock-linked compensation to eligible participants, with phantom units ultimately settled in cash. Participants can also transfer phantom units into alternative investment accounts within the plan before settlement.
When will Kenneth Bedingfield’s L3Harris (LHX) phantom stock units be settled?
The phantom stock units will be settled in cash upon Kenneth Bedingfield’s retirement or other specified events under the plan. Until then, they remain as bookkeeping entries tied to L3Harris’s stock value, with flexibility to move them into other investment options within the plan.
Did dividend credits affect Kenneth Bedingfield’s phantom stock holdings at L3Harris (LHX)?
Yes. His reported total includes 1.49 phantom stock units acquired through dividend credits under the Excess Retirement Savings Plan. These credits mirror dividends that would be paid on actual shares, increasing the phantom unit balance over time without additional market transactions by the executive.