L3Harris director awarded 128 phantom stock units
L3Harris Technologies director Christina L. Zamarro reported an acquisition of additional phantom stock units through the company’s non-employee director compensation plan.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 128.32 | $292.93 | $38K |
Footnotes (2)
- F1. 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.
- F2. Includes 23.91 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Key Terms
phantom stock units financial
2019 Non-Employee Director Compensation Plan financial
dividend credits financial
separation from service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did L3Harris (LHX) director Christina Zamarro report?
How many L3Harris phantom stock units does Christina Zamarro hold after this Form 4?
When will Christina Zamarro’s L3Harris phantom stock units be settled into common stock?
What is the reference price used for Christina Zamarro’s new L3Harris phantom stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.