L3Harris (LHX) director Sallie B. Bailey receives 661 share units as equity retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Sallie B. Bailey reported an acquisition of 661 shares of common stock through a grant of director share units as part of her equity-based retainer. The award was priced at $0.00 per share and is compensation-related, not an open-market purchase.
The director share units generally vest on May 11, 2027, subject to Bailey’s continued service and the terms of the director share unit agreement. Following this award, she holds a total of 7,356.86 shares directly, including 15.08 shares acquired via dividend reinvestment under the agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BAILEY SALLIE B
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 — 7,356.86 shares (Direct, null)
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. Includes 15.08 shares acquired through dividend reinvestment pursuant to the terms and conditions of the director share unit agreement.
Key Figures
Director share units granted: 661 shares
Price per share for grant: $0.00 per share
Total shares after transaction: 7,356.86 shares
+3 more
6 metrics
Director share units granted
661 shares
Grant to non-employee director on May 11, 2026
Price per share for grant
$0.00 per share
Equity-based retainer award, not open-market
Total shares after transaction
7,356.86 shares
Direct holdings following the grant
Dividend reinvestment shares
15.08 shares
Acquired via dividend reinvestment under unit agreement
Par value of common stock
$1.00 par value
Common Stock, Par Value $1.00
Vesting date
May 11, 2027
Director share units vesting condition
Key Terms
director share units, equity-based retainer, dividend reinvestment, director share unit agreement
4 terms
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
dividend reinvestment financial
"Includes 15.08 shares acquired through dividend reinvestment pursuant to the terms and conditions of the director share unit agreement"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What insider transaction did L3Harris (LHX) disclose for Sallie B. Bailey?
L3Harris disclosed that director Sallie B. Bailey received 661 director share units as equity compensation. The award is in common stock at $0.00 per share and increases her direct holdings, rather than reflecting an open-market stock purchase or sale.
Is the Sallie B. Bailey Form 4 transaction in L3Harris (LHX) a stock purchase?
The Form 4 does not show an open-market stock purchase. Instead, Sallie B. Bailey received 661 director share units as a grant under her equity-based retainer, with no cash price paid per share in this compensation-related acquisition.