L3Harris (LHX) director defers fees into 128 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Christina L. Zamarro reported an acquisition of additional phantom stock units through the company’s non-employee director compensation plan. She was credited with 128.32 phantom stock units at a reference price of $292.93 per share under a prior election to defer quarterly cash retainers. After this credit, she holds a total of 6,267.12 phantom stock units, including 23.91 units accumulated through dividend credits. These phantom stock units are designed to mirror the value of L3Harris common stock and are settled solely in shares of common stock when she separates from service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zamarro Christina L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 128.32 | $292.93 | $38K |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 6,267.12 shares (Direct, null)
Footnotes (1)
- 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. Includes 23.91 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Phantom stock units acquired: 128.32 units
Reference price per unit: $292.93 per share
Total phantom stock units after transaction: 6,267.12 units
+1 more
4 metrics
Phantom stock units acquired
128.32 units
Grant/award acquisition on 2026-07-01
Reference price per unit
$292.93 per share
Basis for phantom stock unit credit
Total phantom stock units after transaction
6,267.12 units
Holdings following 2026-07-01 credit
Dividend credit units included
23.91 units
Phantom stock units from dividend credits since last report
Key Terms
phantom stock units, 2019 Non-Employee Director Compensation Plan, dividend credits, separation from service
4 terms
phantom stock units financial
"Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
2019 Non-Employee Director Compensation Plan financial
"under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan (the "Plan")"
dividend credits financial
"Includes 23.91 phantom stock units acquired through dividend credits under the Plan"
separation from service financial
"subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service"
FAQ
What insider transaction did L3Harris (LHX) director Christina Zamarro report?
Christina L. Zamarro reported an acquisition of 128.32 phantom stock units. These units were credited under the L3Harris 2019 Non-Employee Director Compensation Plan based on her prior election to defer quarterly cash retainers into equity-linked units.
How many L3Harris phantom stock units does Christina Zamarro hold after this Form 4?
After this transaction, Christina Zamarro holds 6,267.12 phantom stock units. This total includes the new 128.32 units credited and 23.91 units accumulated through dividend credits under the 2019 Non-Employee Director Compensation Plan.
When will Christina Zamarro’s L3Harris phantom stock units be settled into common stock?
The phantom stock units are settled solely in shares of L3Harris common stock upon her separation from service as a director. Until then, the units track the value of the company’s common stock and accumulate dividend-equivalent credits.
What is the reference price used for Christina Zamarro’s new L3Harris phantom stock units?
The 128.32 phantom stock units were credited at a reference price of $292.93 per share. This price is used to determine how many units result from deferring her non-employee director quarterly cash retainers into equity-linked compensation.