L3Harris (LHX) CEO Kubasik converts RSUs, withholds shares for taxes
Rhea-AI Filing Summary
L3Harris Technologies Chairman and CEO Christopher E. Kubasik reported equity award activity involving restricted stock units and common shares. On February 24, 2026, he exercised and converted 16,060 restricted stock units into an equal number of common shares at a stated price of $0.00 per share, reflecting a vesting event rather than an open-market purchase. To satisfy tax obligations related to this vesting, 5,993 common shares were disposed of at $354.27 per share through a tax-withholding transaction, reducing the net shares retained. After these transactions, Kubasik directly held 162,577 common shares. He also had an additional 21,916 common shares reported as indirectly owned through a grantor retained annuity trust. A related footnote explains that certain shares previously reported as indirectly owned through that trust were distributed to him earlier in February 2026 under the trust’s terms.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,060 | $0.00 | $0.00 |
| Exercise | Common Stock, Par Value $1.00 | 16,060 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, Par Value $1.00 | 5,993 | $354.27 | $2.12M |
| holding | Common Stock, Par Value $1.00 | -- | -- | -- |
Footnotes (2)
- F1. Includes 5,495 and 2,589 shares previously reported as indirectly owned through a grantor retained annuity trust that were distributed to the reporting person pursuant to the terms of the grantor retained annuity trust on 2/6/2026 and 2/23/2026, respectfully.
- F2. Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock and vested on 2/24/2026.
FAQ
What insider transactions did LHX Chairman and CEO Christopher Kubasik report on February 24, 2026?
How many L3Harris (LHX) restricted stock units did Christopher Kubasik convert into common shares?
Was the L3Harris (LHX) insider transaction a market sale or tax withholding event?
What indirect L3Harris (LHX) holdings does Christopher Kubasik report through a grantor retained annuity trust?
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