L3Harris (NYSE: LHX) awards CFO 8,998 restricted stock units vesting in 2029
Rhea-AI Filing Summary
SHARP KENNETH P reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies reported that Kenneth P. Sharp, its SVP and Chief Financial Officer, received a grant of 8,998 restricted stock units on 2026-08-03. Each unit provides a contingent right to one share of common stock and is subject to 3-year cliff vesting upon fiscal 2029 year-end, contingent on continued employment and the terms of the award agreement. Following this grant, Sharp holds 8,998 restricted stock units directly, with vested units to be settled in shares of L3Harris common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHARP KENNETH P
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 8,998 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 8,998 shares (Direct)
Footnotes (1)
- F1. Award of restricted stock units subject to 3-year cliff vesting upon fiscal 2029 year-end, subject to continued employment (with certain exceptions) and the terms and conditions of the restricted unit award agreement. Each restricted stock unit represents a contingent right to one share of the Issuer's common stock, with vested units settled in shares of the Issuer's common stock.
Key Figures
Restricted stock units granted: 8,998 units
Underlying common shares: 8,998 shares
Cliff vesting period: 3 years
+1 more
4 metrics
Restricted stock units granted
8,998 units
Grant of restricted stock units to SVP, Chief Financial Officer on 2026-08-03
Underlying common shares
8,998 shares
Each restricted stock unit represents a contingent right to one share of common stock
Cliff vesting period
3 years
Award subject to 3-year cliff vesting upon fiscal 2029 year-end
RSU holdings after grant
8,998 units
Total restricted stock units directly held by the CFO following this award
Key Terms
restricted stock units, 3-year cliff vesting, contingent right, common stock, par value $1.00
4 terms
restricted stock units financial
"Award of restricted stock units subject to 3-year cliff vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
3-year cliff vesting financial
"subject to 3-year cliff vesting upon fiscal 2029 year-end"
contingent right financial
"Each restricted stock unit represents a contingent right to one share"
common stock, par value $1.00 financial
"underlying security title: Common Stock, Par Value $1.00"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did L3Harris Technologies (LHX) disclose for CFO Kenneth P. Sharp?
L3Harris disclosed that CFO Kenneth P. Sharp received a grant of 8,998 restricted stock units. Each unit represents a contingent right to one share of common stock, subject to 3-year cliff vesting at fiscal 2029 year-end and continued employment conditions.
How many restricted stock units did the LHX CFO receive in the latest award?
The CFO of L3Harris Technologies received 8,998 restricted stock units. These units vest on a 3-year cliff schedule at fiscal 2029 year-end, and each vested unit will be settled in one share of L3Harris common stock, subject to the award agreement terms.
What are the vesting conditions for the new L3Harris (LHX) restricted stock units granted to the CFO?
The restricted stock units are subject to 3-year cliff vesting at fiscal 2029 year-end. Vesting requires continued employment, with certain exceptions, and follows the specific terms and conditions of the restricted unit award agreement filed by L3Harris.
How will the LHX CFO’s restricted stock units be settled once vested?
Each restricted stock unit represents a contingent right to receive one share of L3Harris common stock. Once vested at fiscal 2029 year-end, the units will be settled in shares of the company’s common stock, according to the award agreement’s conditions.
What is the CFO’s reported position in restricted stock units after this L3Harris (LHX) Form 4?
After the reported grant, the CFO directly holds 8,998 restricted stock units. These units remain unvested until the 3-year cliff vesting at fiscal 2029 year-end, after which vested units will be settled in shares of L3Harris common stock.