L3Harris director granted 106 phantom stock units
Regnery David S reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Regnery David S reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies director David S. Regnery received an award of 105.96 phantom stock units of common stock at $353.91 per unit under the 2019 Non-Employee Director Compensation Plan. After this credit, he holds 2,011.67 phantom stock units, including 6.66 units added through dividend credits. These units will be settled solely in shares of common stock when he separates from service.
Insider Trade Summary
Grant/Award: 105.96 shares
Grant/Award
1 txn
Insider
Regnery David S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 105.96 | $353.91 | $38K |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 2,011.67 shares (Direct)
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 6.66 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Phantom stock units granted: 105.96 units
Reference price per unit: $353.91 per unit
Total phantom units after transaction: 2,011.67 units
+1 more
4 metrics
Phantom stock units granted
105.96 units
Credit under 2019 Non-Employee Director Compensation Plan on April 1, 2026
Reference price per unit
$353.91 per unit
Price associated with phantom stock unit credit
Total phantom units after transaction
2,011.67 units
Phantom stock units held following the award
Dividend credit units
6.66 units
Phantom units acquired through dividend credits since last reported
Key Terms
phantom stock units, 2019 Non-Employee Director Compensation Plan, defer non-employee director quarterly cash retainers, dividend credits, +1 more
5 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")"
defer non-employee director quarterly cash retainers financial
"pursuant to the reporting person's prior election to defer non-employee director quarterly cash retainers"
dividend credits financial
"Includes 6.66 phantom stock units acquired through dividend credits under the Plan since last reported"
separation from service financial
"subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LHX director David Regnery report in this Form 4?
David S. Regnery reported receiving 105.96 phantom stock units of L3Harris common stock at $353.91 per unit. The units were credited under the 2019 Non-Employee Director Compensation Plan based on his prior election to defer quarterly cash retainers as a non-employee director.
How many LHX phantom stock units does David Regnery now hold?
Following this transaction, David S. Regnery holds 2,011.67 phantom stock units tied to L3Harris common stock. This total includes 6.66 additional units that were acquired through dividend credits under the 2019 Non-Employee Director Compensation Plan since he last reported his holdings.
What is a phantom stock unit under the L3Harris 2019 plan for LHX?
Under the L3Harris 2019 Non-Employee Director Compensation Plan, phantom stock units track the value of L3Harris common stock. They are bookkeeping entries, not actual shares, and are settled solely in shares of common stock when the director separates from service with the company.
How were the new LHX phantom stock units for David Regnery created?
The 105.96 phantom stock units represent a credit based on David S. Regnery’s prior election to defer his quarterly cash retainers. Instead of receiving cash, those director fees are converted into phantom stock units under the company’s 2019 Non-Employee Director Compensation Plan.
What are the dividend credits mentioned in the LHX Form 4 footnotes?
Dividend credits are additional phantom stock units granted to mirror dividends paid on L3Harris common stock. The filing notes that 6.66 phantom units were added to David S. Regnery’s balance through such dividend credits under the 2019 Non-Employee Director Compensation Plan since his last report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
