L3Harris (LHX) director Regnery gains phantom stock units in fee deferral
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Regnery David S
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 — 2,815.8 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 14.80 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Phantom units acquired: 128.32 units
Reference price per unit: $292.93 per unit
Total phantom units after transaction: 2,815.8 units
+1 more
4 metrics
Phantom units acquired
128.32 units
Grant/award acquisition of phantom stock units
Reference price per unit
$292.93 per unit
Valuation used for the phantom stock credit
Total phantom units after transaction
2,815.8 units
Holdings following the latest award
Dividend credit units
14.8 units
Phantom stock units from dividend credits since last report
Key Terms
phantom stock units, 2019 Non-Employee Director Compensation Plan, separation from service, dividend credits
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")"
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"
dividend credits financial
"Includes 14.80 phantom stock units acquired through dividend credits under the Plan"