L3Harris (LHX) director Regnery receives 661 deferred director share units
Rhea-AI Filing Summary
Regnery David S reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies director David S. Regnery received an equity award rather than buying shares on the market. He was granted 661 director share units of common stock as part of his non-employee director equity-based retainer, bringing his direct holdings to 2,672.67 shares.
The director share units generally vest on May 11, 2027, contingent on his continued service and the terms of the director share unit agreement. Under a prior deferral election, these units will be settled in shares of common stock only when he separates from service with L3Harris.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 661 shares
Net Buy
1 txn
Insider
Regnery David S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 661 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 2,672.67 shares (Direct)
Footnotes (1)
- F1. Represents an award of director share units in respect of the non-employee director's equity-based retainer, which generally will vest on May 11, 2027, subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement. Pursuant to a prior election to defer such units upon vesting, such units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer.
Key Figures
Director share units granted: 661 units
Post-transaction holdings: 2,672.67 shares
Par value per share: $1.00
+2 more
5 metrics
Director share units granted
661 units
Equity-based retainer grant on May 11, 2026
Post-transaction holdings
2,672.67 shares
Common stock directly held after grant
Par value per share
$1.00
Common Stock, Par Value $1.00
Grant price per share
$0.00
Compensation award, no cash paid by director
Vesting date
May 11, 2027
Director share units generally vest on this date
Key Terms
director share units, equity-based retainer, vest, settled in shares of common stock, +1 more
5 terms
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
vest financial
"which generally will vest on May 11, 2027, subject to the non-employee director's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
separation from service financial
"settled in shares of common of stock upon the reporting person's separation from service with the Issuer"
FAQ
What did L3Harris (LHX) director David Regnery report in this Form 4?
David S. Regnery reported receiving 661 director share units of L3Harris common stock as an equity-based retainer. This is a stock-based compensation grant, not an open-market purchase, and increases his direct holdings to a reported 2,672.67 shares.
Is the L3Harris (LHX) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Regnery received 661 director share units at no cash cost as part of his non-employee director equity-based retainer, classified under transaction code A for grant, award, or other acquisition.
What does transaction code A mean in the L3Harris (LHX) Form 4?
Transaction code A on the Form 4 denotes a grant, award, or other acquisition of securities. In this case, it represents an equity-based retainer award of 661 director share units to non-employee director David Regnery, rather than an open-market buy or sell trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.