L3Harris director receives phantom stock award
L3Harris Technologies director David S. Regnery received a credit of phantom stock units in lieu of cash fees under the company’s 2019 Non-Employee Director Compensation Plan.
Rhea-AI Filing Summary
L3Harris Technologies director David S. Regnery received a credit of phantom stock units in lieu of cash fees under the company’s 2019 Non-Employee Director Compensation Plan. He acquired 128.32 phantom stock units at an effective reference price of $292.93 per unit, reflecting deferred quarterly cash retainers.
Following this award and related dividend credits, Regnery now holds a total of 2,815.8 phantom stock units, including 14.8 units credited from dividends under the plan. These phantom stock units will be settled solely in shares of L3Harris common stock upon his separation from service, making this a routine, compensation-related acquisition rather than an open-market purchase.
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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 14.80 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
separation from service financial
dividend credits financial
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