When do the new L3Harris (LHX) director share units for Lewis Hay III vest?

The 661 director share units generally vest on May 11, 2027, subject to Lewis Hay III’s continued service as a non-employee director. Vesting means the award becomes fully earned, assuming the service condition and the director share unit agreement’s terms are satisfied.

How and when will Lewis Hay III’s L3Harris (LHX) director share units be settled?

Under a prior deferral election, the vested director share units will be settled in L3Harris common stock when Lewis Hay III separates from service. Settlement converts the units into actual shares delivered at that future separation date.

L3Harris (LHX) director Lewis Hay III granted 661 deferred share units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HAY LEWIS III reported acquisition or exercise transactions in this Form 4 filing.

L3Harris Technologies director Lewis Hay III reported an equity-based compensation award rather than an open-market trade. He received a grant of 661 shares of common stock as director share units in respect of his non-employee director equity retainer. These units generally vest on May 11, 2027, subject to continued board service, and will be settled in common shares after his separation from service under a prior deferral election. Following this award, he directly holds 7,419.34 shares of common stock, which include 89.29 phantom stock units credited as dividends, and indirectly holds 14,078 shares through a grantor retained annuity trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider HAY LEWIS III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, Par Value $1.00	661	$0.00	--
holding	Common Stock Par Value $1.00	--	--	--

Holdings After Transaction: Common Stock, Par Value $1.00 — 7,419.34 shares (Direct, null); Common Stock Par Value $1.00 — 14,078 shares (Indirect, By grantor retained annuity trust)

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. Pursuant to a prior election to defer such units upon vesting, such units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer. Includes 89.29 phantom stock units acquired through dividend credits since last reported by the reporting person. Shares previously reported as indirectly held by the Hay Second Family Limited Partnership were contributed by the reporting person to a grantor retained annuity trust on 12/12/2025.

Key Figures

Director share units granted: 661 shares Direct holdings after grant: 7,419.34 shares Indirect holdings via trust: 14,078 shares +2 more

5 metrics

Director share units granted 661 shares Equity-based retainer award on May 11, 2026

Direct holdings after grant 7,419.34 shares Common stock held directly following reported transactions

Indirect holdings via trust 14,078 shares Common stock held by grantor retained annuity trust

Phantom stock units from dividends 89.29 units Dividend credit phantom units included in direct holdings

Grant price per share $0.0000 per share Compensation grant, not open-market purchase

Key Terms

director share units, phantom stock units, grantor retained annuity trust, equity-based retainer

4 terms

phantom stock units financial

"Includes 89.29 phantom stock units acquired through dividend credits since last reported"

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.

grantor retained annuity trust financial

"contributed by the reporting person to a grantor retained annuity trust on 12/12/2025"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

equity-based retainer financial

"in respect of the non-employee director's equity-based retainer, which generally will vest on May 11, 2027"

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 02:21 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HAY LEWIS III

(Last)

(First)

(Middle)

C/O L3HARRIS TECHNOLOGIES, INC.

1025 W. NASA BOULEVARD

(Street)

MELBOURNE

FLORIDA

32919

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
L3HARRIS TECHNOLOGIES, INC. /DE/ [ LHX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $1.00	05/11/2026		A		661⁽¹⁾	A	$0	7,419.34⁽²⁾	D
Common Stock Par Value $1.00								14,078⁽³⁾	I	By grantor retained annuity trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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. Pursuant to a prior election to defer such units upon vesting, such units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer.

2. Includes 89.29 phantom stock units acquired through dividend credits since last reported by the reporting person.

3. Shares previously reported as indirectly held by the Hay Second Family Limited Partnership were contributed by the reporting person to a grantor retained annuity trust on 12/12/2025.

Remarks:

Exhibit List: Exhibit 24- Power of Attorney

	By: /s/ John C. Scarborough, Jr., Attorney-in-Fact For: Lewis Hay III	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did L3Harris (LHX) director Lewis Hay III report in this Form 4?

Lewis Hay III reported receiving 661 director share units of L3Harris common stock as part of his equity-based retainer. This is a compensation-related grant, not an open-market purchase or sale, and reflects routine non-employee director equity compensation.

How many L3Harris (LHX) shares does Lewis Hay III hold after this Form 4?

After the reported transactions, Lewis Hay III directly holds 7,419.34 shares of L3Harris common stock and indirectly holds 14,078 shares through a grantor retained annuity trust. The direct holdings figure includes 89.29 phantom stock units from dividend credits.

What are the phantom stock units mentioned in Lewis Hay III’s L3Harris (LHX) filing?

Phantom stock units are bookkeeping entries tracking the value of L3Harris stock, often used in deferred compensation. The filing notes 89.29 phantom stock units were acquired through dividend credits since last reported, and they are included within his direct holdings total.

How are some of Lewis Hay III’s L3Harris (LHX) shares held indirectly?

Some shares are held indirectly through a grantor retained annuity trust. The filing shows 14,078 shares in this trust, reflecting estate or wealth planning arrangements. These shares were previously held via the Hay Second Family Limited Partnership before being contributed to the trust.