Director at L3Harris (NYSE: LHX) receives 661 deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zamarro Christina L reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies director Christina L. Zamarro received an equity award of 661 director share units. The units are part of her non-employee director equity-based retainer and are scheduled to vest on May 11, 2027, subject to her continued board service.
According to her Form 4, Zamarro now holds a total of 6,114.89 shares of common stock directly after this award. Per her prior deferral election, the vested units will be settled in shares of common stock only when she separates from service with L3Harris.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zamarro Christina L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 661 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 6,114.89 shares (Direct, null)
Footnotes (1)
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Key Figures
Director share units granted: 661 units
Shares after transaction: 6,114.89 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Director share units granted
661 units
Equity-based retainer grant on May 11, 2026
Shares after transaction
6,114.89 shares
Direct holdings following grant
Grant price per share
$0.00 per share
Compensation award, no purchase price paid
Vesting date
May 11, 2027
Director share units vest, subject to continued service
Key Terms
director share units, equity-based retainer, vest, separation from service
4 terms
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
vest financial
"which generally will vest on May 11, 2027, subject to the non-employee director's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
separation from service financial
"such units will be settled in shares of common of stock upon the reporting person's separation from service with the Issuer"
FAQ
What did L3Harris (LHX) director Christina Zamarro report on this Form 4?
Christina L. Zamarro reported receiving an award of 661 director share units as part of her equity-based retainer. These units increase her direct holdings and represent compensation rather than an open-market stock purchase or sale.
Is Christina Zamarro’s Form 4 transaction an open-market buy or sell of LHX stock?
No, the filing shows a compensation-related award, not an open-market trade. The transaction is coded as a grant or award acquisition, reflecting 661 director share units granted as part of her non-employee director equity-based retainer.