L3Harris (NYSE: LHX) CFO receives new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies SVP and Chief Financial Officer Kenneth P. Sharp received new equity compensation awards. On May 1, 2026, he was granted 11,169 restricted stock units with 3-year cliff vesting on May 1, 2029 and 2,593 restricted stock units vesting ratably over four years from May 1, 2027 through May 1, 2030. He was also granted 10,021 non-qualified stock options with an exercise price of $313.37 per share, vesting ratably over three years on May 1, 2027, May 1, 2028, and May 1, 2029, and expiring on May 1, 2036. These awards are subject to continued employment and the terms of the applicable award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SHARP KENNETH P
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 10,021 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,593 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 11,169 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 10,021 shares (Direct, null);
Restricted Stock Units — 2,593 shares (Direct, null)
Footnotes (1)
- Grant of options to purchase shares of the Issuer's common stock subject to 3-year ratable vesting on 5/1/2027, 5/1/2028 and 5/1/2029, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement. Award of restricted stock units subject to 3-year cliff vesting on 5/1/2029, 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. Award of restricted stock units subject to future 4-year ratable vesting on 5/1/2027, 5/1/2028, 5/1/2029, and 5/1/2030, 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
RSU grant (cliff vesting): 11,169 units
RSU grant (ratable vesting): 2,593 units
Non-qualified stock options: 10,021 options
+1 more
4 metrics
RSU grant (cliff vesting)
11,169 units
Restricted stock units vesting May 1, 2029
RSU grant (ratable vesting)
2,593 units
Restricted stock units vesting 2027–2030
Non-qualified stock options
10,021 options
Options vesting 2027–2029 and expiring May 1, 2036
Option exercise price
$313.37 per share
Non-qualified stock option strike price
Key Terms
Restricted Stock Units, Non-Qualified Stock Option (Right to Buy), 3-year cliff vesting, 4-year ratable vesting, +1 more
5 terms
Restricted Stock Units financial
"Award of restricted stock units subject to 3-year cliff vesting on 5/1/2029"
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.
Non-Qualified Stock Option (Right to Buy) financial
"Grant of options to purchase shares of the Issuer's common stock"
3-year cliff vesting financial
"restricted stock units subject to 3-year cliff vesting on 5/1/2029"
4-year ratable vesting financial
"restricted stock units subject to future 4-year ratable vesting on 5/1/2027"
exercise price financial
"conversion_or_exercise_price: "313.3700""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did L3Harris (LHX) CFO Kenneth Sharp receive?
Kenneth Sharp received 11,169 restricted stock units, 2,593 additional restricted stock units, and 10,021 non-qualified stock options. These grants represent routine equity compensation tied to continued employment and specific vesting schedules over three to four years.
What are the vesting terms of the new LHX restricted stock units?
One grant of 11,169 restricted stock units vests in a single cliff on May 1, 2029. A second grant of 2,593 restricted stock units vests in four equal annual installments on May 1 of 2027, 2028, 2029, and 2030, assuming continued employment.
What are the details of the new LHX stock options granted to the CFO?
The CFO was granted 10,021 non-qualified stock options with an exercise price of $313.37 per share. These options vest in three equal annual installments on May 1, 2027, May 1, 2028, and May 1, 2029, and expire on May 1, 2036.
Are the LHX equity awards to the CFO contingent on continued employment?
Yes. The Form 4 footnotes state that both the restricted stock units and stock options are subject to continued employment, with certain exceptions, and the terms of the respective award agreements, meaning vesting depends on staying with the company.
Is this LHX Form 4 a stock purchase or a compensation grant?
This Form 4 reflects compensation grants, not open-market stock purchases. The awards are coded as acquisitions (A) for restricted stock units and stock options, granted at no cash cost per unit, and are part of the CFO’s equity-based compensation package.