L3Harris (NYSE: LHX) director Joanna Geraghty receives 661 deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Geraghty Joanna reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies director Joanna Geraghty received an equity grant of 661 director share units as part of her non-employee director equity-based retainer. The award carries no cash purchase price and increases her directly held common stock position to 5,541.29 shares after the grant.
The director share units generally vest on May 11, 2027, subject to her continued service and the terms of the director share unit agreement. Under a prior deferral election, the vested units will be settled in shares of common stock when she separates from service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Geraghty Joanna
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 661 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 5,541.29 shares (Direct, null)
Footnotes (1)
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Key Figures
Director share units granted: 661 shares
Grant price per unit: $0.00 per share
Post-transaction holdings: 5,541.29 shares
+1 more
4 metrics
Director share units granted
661 shares
Equity-based retainer award on May 11, 2026
Grant price per unit
$0.00 per share
Compensation grant, not market purchase
Post-transaction holdings
5,541.29 shares
Common stock directly held after grant
Vesting date
May 11, 2027
Director share units vesting schedule
Key Terms
director share units, equity-based retainer, vest, separation from service
4 terms
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
vest financial
"which generally will vest on May 11, 2027, subject to the non-employee director's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
separation from service financial
"units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer"
FAQ
What insider transaction did LHX director Joanna Geraghty report?
Joanna Geraghty reported receiving 661 director share units of L3Harris Technologies common stock as an equity-based retainer award. This is a stock-based compensation grant, not an open-market purchase or sale, and reflects routine non-employee director compensation.