L3Harris Technologies (LHX) director reports 1,899 phantom stock units
Rhea-AI Filing Summary
L3Harris Technologies director reports new phantom stock units. On 01/02/2026, a non-employee director of L3Harris Technologies, Inc. was credited with 123.16 phantom stock units under the company’s 2019 Non-Employee Director Compensation Plan at a reference price of $304.48 per unit. These units represent deferred quarterly cash retainers and are designed to track the value of L3Harris common stock.
After this credit, the director beneficially owns a total of 1,899.06 phantom stock units. This amount includes 7.53 phantom stock units that were credited as dividend equivalents since the last report. The phantom stock units are payable solely in shares of L3Harris common stock when the director separates from service with the company.
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FAQ
What insider transaction did L3Harris Technologies (LHX) report in this filing?
The filing reports that a non-employee director of L3Harris Technologies, Inc. was credited with 123.16 phantom stock units on 01/02/2026 under the company’s 2019 Non-Employee Director Compensation Plan.
What are the phantom stock units mentioned in the LHX insider filing?
The filing explains that the credited amounts are phantom stock units under the L3Harris 2019 Non-Employee Director Compensation Plan, representing deferred quarterly cash retainers that are settled solely in shares of L3Harris common stock when the director separates from service.
How many phantom stock units does the L3Harris director beneficially own after this transaction?
Following the 01/02/2026 credit, the director beneficially owns 1,899.06 phantom stock units tied to L3Harris Technologies, Inc. common stock.
What price was used for the phantom stock unit credit in the L3Harris (LHX) Form 4?
The transaction reflects a credit of 123.16 phantom stock units at a reference price of $304.48 per unit.
How were dividend credits reflected in the L3Harris director’s phantom stock holdings?
The filing states that the total 1,899.06 phantom stock units include 7.53 phantom stock units acquired through dividend credits under the plan since last reported.
When will the L3Harris phantom stock units reported here be settled?
According to the filing, the phantom stock units are subject to settlement solely in shares of L3Harris common stock upon the director’s separation from service with the company.