L3Harris (LHX) Space & Mission Systems president receives 3,192 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MEHTA SAMIR reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies executive Samir Mehta, President of Space & Mission Systems, received a grant of 3,192 restricted stock units. Each unit represents a contingent right to one share of L3Harris common stock. The award uses a 3-year cliff vesting schedule on May 1, 2029, conditioned on continued employment and the terms of the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MEHTA SAMIR
Role
Pres., Space & Mission Sys.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,192 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,192 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3,192 restricted stock units
Vesting date: May 1, 2029
Shares underlying RSUs: 3,192 shares of common stock
+1 more
4 metrics
RSUs granted
3,192 restricted stock units
Grant to Samir Mehta on May 1, 2026
Vesting date
May 1, 2029
3-year cliff vesting for RSU award
Shares underlying RSUs
3,192 shares of common stock
Each RSU equals one share upon vesting
Holdings after transaction
3,192 restricted stock units
Total RSUs held following this grant
Key Terms
Restricted Stock Units, 3-year cliff vesting, contingent right, restricted unit award agreement
4 terms
Restricted Stock Units financial
"Award of restricted stock units subject to 3-year cliff vesting on 5/1/2029"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
3-year cliff vesting financial
"Award of restricted stock units subject to 3-year cliff vesting on 5/1/2029"
contingent right financial
"Each restricted stock unit represents a contingent right to one share of the Issuer's common stock"
restricted unit award agreement financial
"subject to continued employment and the terms and conditions of the restricted unit award agreement"
FAQ
What did L3Harris (LHX) executive Samir Mehta report on this Form 4?
Samir Mehta reported receiving a grant of 3,192 restricted stock units of L3Harris Technologies. These units are part of his equity compensation and each unit is tied to one share of L3Harris common stock, subject to vesting conditions.
How many L3Harris (LHX) restricted stock units were granted to Samir Mehta?
Samir Mehta was granted 3,192 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of L3Harris common stock when it vests, assuming all conditions in the award agreement are satisfied.
When do Samir Mehta’s L3Harris (LHX) restricted stock units vest?
The 3,192 restricted stock units granted to Samir Mehta are subject to 3-year cliff vesting on May 1, 2029. Vesting requires his continued employment, with certain exceptions, under the terms of the restricted unit award agreement.
What does each restricted stock unit represent for L3Harris (LHX) executive Samir Mehta?
Each restricted stock unit granted to Samir Mehta represents a contingent right to one share of L3Harris common stock. Once vested, the units are settled in shares of common stock in accordance with the award agreement’s terms.