L3Harris (LHX) director Edward Rice awarded 661 deferred director share units
Rhea-AI Filing Summary
L3Harris Technologies director Edward A. Rice Jr. received an equity award of 661 director share units of common stock on May 11, 2026. These units generally vest on May 11, 2027, subject to his continued board service and the terms of the director share unit agreement.
Mr. Rice has previously elected to defer these units, so they will be settled in shares of common stock when he separates from service with the company. After this award, he directly holds a total of 3,516.79 shares/units, which includes 31.12 phantom stock units acquired through dividend credits since his last report. This is a compensation-related grant, not an open-market purchase.
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Insights
Routine director equity grant deferred until service ends.
The filing shows non-employee director Edward A. Rice Jr. receiving 661 director share units as part of his equity-based retainer. The award vests in 2027, contingent on continued board service, making it a standard long-term incentive structure.
Because Mr. Rice elected to defer settlement until separation from service, this grant increases his future equity exposure without any current cash transaction. The filing also notes 31.12 phantom stock units from dividend credits, underscoring that his position grows automatically with dividends rather than active buying.
As this is a compensation award, not an open-market purchase or sale, it carries limited signaling value about his view of L3Harris Technologies stock. Subsequent filings will update vesting or additional dividend-related units as they accrue under the same plan terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 661 | $0.00 | -- |
Footnotes (1)
- Represents an award of director share units in respect of the non-employee director's equity-based retainer, which generally will vest on May 11, 2027, subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement. Pursuant to a prior election to defer such units upon vesting, such units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer. Includes 31.12 phantom stock units acquired through dividend credits since last reported by the reporting person.