L3Harris Technologies (LHX) director adds phantom stock units under 2019 plan
Rhea-AI Filing Summary
L3Harris Technologies director Robert B. Millard reported an automatic acquisition of additional phantom stock units on 01/02/2026 under the company’s 2019 Non-Employee Director Compensation Plan. These 123.16 phantom stock units were credited pursuant to his prior election to defer quarterly cash retainers, at a price of $304.48 per unit.
Following this transaction, Millard beneficially owns 11,133.65 phantom stock units, which will be settled solely in shares of L3Harris common stock upon his separation from service. The holdings also include 209,428 shares of common stock held indirectly through a grantor retained annuity trust and 14,943 shares held indirectly through a family trust.
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FAQ
What insider transaction did L3Harris Technologies (LHX) report for Robert B. Millard?
The filing reports that director Robert B. Millard acquired 123.16 phantom stock units of L3Harris Technologies common stock on 01/02/2026 under the company’s 2019 Non-Employee Director Compensation Plan.
How many L3Harris (LHX) phantom stock units does Robert B. Millard now hold?
After the reported transaction, Robert B. Millard beneficially owns 11,133.65 phantom stock units, which are tied to L3Harris common stock and will be settled in shares when he separates from service.
What is the nature of the phantom stock units reported by L3Harris director Millard?
The phantom stock units were credited under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan as a result of Millard’s election to defer quarterly cash retainers. These units are settled solely in L3Harris common stock upon his separation from service.
Did dividend credits affect Robert B. Millard’s L3Harris phantom stock holdings?
Yes. The reported total includes 45.45 phantom stock units that were acquired through dividend credits under the plan since they were last reported by Millard.
What indirect L3Harris (LHX) common stock holdings does Robert B. Millard report?
In addition to phantom units, Millard reports indirect ownership of 209,428 shares of L3Harris common stock through a grantor retained annuity trust and 14,943 shares through a family trust.
At what price were the new L3Harris phantom stock units credited to Robert B. Millard?
The 123.16 phantom stock units credited to Robert B. Millard on 01/02/2026 were recorded at a price of $304.48 per unit.