L3Harris director receives 124.8 phantom units under 2019 plan
Rhea-AI Filing Summary
David S. Regnery, a director of L3Harris Technologies, Inc. (LHX), received a credit of 124.8 phantom stock units under the companys 2019 Non-Employee Director Compensation Plan as reported for a 10/01/2025 transaction. The phantom units reflect a prior election to defer part of his non-employee director cash retainer and are payable in shares of the issuers common stock upon his separation from service. Following the credited units (including 6.82 phantom units added via dividend credits since last reported), the reporting persons beneficial holdings total 1,768.36 shares on a direct basis. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- 124.8 phantom stock units credited to a director under the 2019 Non-Employee Director Compensation Plan
- 6.82 phantom units added via dividend credits since the last report
- Reporting shows 1,768.36 shares beneficially owned on a direct basis
Negative
- None.
Insights
Director deferred cash into 124.8 phantom units aligning pay with shareholder outcomes.
The filing shows a non-employee director elected to defer part of the quarterly cash retainer, receiving 124.8 phantom stock units under the 2019 Non-Employee Director Compensation Plan. These units are settlement-only-in-stock upon separation, tying future pay to the companys share value.
The report also discloses 6.82 additional phantom units from dividend credits and a total direct beneficial ownership of 1,768.36 shares. This is a routine compensation-related disclosure with no indication of acquisition at market purchase or option exercise.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 124.8 | $300.47 | $37K |
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 a portion of the non-employee director quarterly cash retainer amount. 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 6.82 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.