Director Joanna Geraghty (NYSE: LHX) granted 123 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Joanna Geraghty received a grant of 123.62 phantom stock units tied to the company’s common stock, valued at $353.91 per unit. These units were credited under the 2019 Non-Employee Director Compensation Plan based on her prior election to defer quarterly cash retainers.
The credit includes 11.33 phantom stock units earned through dividend equivalents since her last report. Following this grant, Geraghty holds a total of 4,880.29 phantom stock units, which are scheduled to be settled solely in L3Harris common shares when her service with the company ends. This is a routine, compensation-related acquisition rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Geraghty Joanna
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 123.62 | $353.91 | $44K |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 4,880.29 shares (Direct)
Footnotes (1)
- Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan (the "Plan") pursuant to the reporting person's prior election to defer non-employee director quarterly cash retainers. Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer. Includes 11.33 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Phantom stock units granted: 123.62 units
Reference value per unit: $353.91 per unit
Total phantom stock units after grant: 4,880.29 units
+1 more
4 metrics
Phantom stock units granted
123.62 units
Grant/award acquisition on April 1, 2026
Reference value per unit
$353.91 per unit
Compensation valuation for phantom stock units
Total phantom stock units after grant
4,880.29 units
Holdings following reported transaction
Dividend credit units included
11.33 units
Phantom stock units from dividend credits since last report
Key Terms
phantom stock units, 2019 Non-Employee Director Compensation Plan, separation from service
3 terms
phantom stock units financial
"Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan"
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.
2019 Non-Employee Director Compensation Plan financial
"under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan (the "Plan")"
separation from service financial
"subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer"
FAQ
What did Joanna Geraghty report in her latest Form 4 for LHX?
Joanna Geraghty reported receiving 123.62 phantom stock units tied to L3Harris common stock. The units were credited under the 2019 Non-Employee Director Compensation Plan after she chose to defer quarterly cash retainers into stock-based compensation.
How many L3Harris phantom stock units does Joanna Geraghty now hold?
After the latest credit, Joanna Geraghty holds 4,880.29 phantom stock units linked to L3Harris common stock. These units represent deferred director compensation and will be settled solely in shares when her board service with the company ends.
What is the value reference for Joanna Geraghty’s new phantom stock units at LHX?
The 123.62 newly credited phantom stock units use a reference value of $353.91 per unit. This figure reflects the price used for the compensation calculation, not a separate open-market purchase price for L3Harris common stock.
What are phantom stock units under L3Harris’ 2019 Non-Employee Director Compensation Plan?
Phantom stock units are bookkeeping entries that track the value of L3Harris common shares. Under the 2019 Non-Employee Director Compensation Plan, they are settled solely in common stock when a director’s service ends, allowing directors to defer cash retainers into equity-based compensation.
Did dividend credits affect Joanna Geraghty’s L3Harris phantom stock balance?
Yes. Her Form 4 notes that the total includes 11.33 phantom stock units acquired through dividend credits. These dividend-related units were added under the 2019 Non-Employee Director Compensation Plan since her holdings were last reported.