L3Harris director gets stock-based fee deferral
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 123.62 | $353.91 | $44K |
Footnotes (2)
- F1. 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.
- F2. Includes 11.33 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Key Terms
phantom stock units financial
2019 Non-Employee Director Compensation Plan financial
separation from service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Joanna Geraghty report in her latest Form 4 for LHX?
How many L3Harris phantom stock units does Joanna Geraghty now hold?
What is the value reference for Joanna Geraghty’s new phantom stock units at LHX?
What are phantom stock units under L3Harris’ 2019 Non-Employee Director Compensation Plan?
Did dividend credits affect Joanna Geraghty’s L3Harris phantom stock balance?
AI-generated analysis. How Rhea-AI works. Not financial advice.