L3Harris (LHX) director granted 661-share equity retainer award, holds 9,264.86 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Thomas A. Dattilo received an equity award of 661 shares of common stock on May 11, 2026. The award was granted at no cash cost as part of his non-employee director equity-based retainer and is scheduled to vest on May 11, 2027, subject to his continued board service and the director share unit agreement. Following this grant, Dattilo directly holds a total of 9,264.86 shares, which includes 15.08 phantom stock units acquired through dividend reinvestment under the same agreement. This filing reflects routine director compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DATTILO THOMAS A
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 — 9,264.86 shares (Direct, null)
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. Includes 15.08 phantom stock units acquired through dividend reinvestment pursuant to the terms and conditions of the director share unit agreement.
Key Figures
Director equity award: 661 shares
Post-transaction holdings: 9,264.86 shares
Award price per share: $0.0000 per share
+2 more
5 metrics
Director equity award
661 shares
Grant of common stock on May 11, 2026
Post-transaction holdings
9,264.86 shares
Total direct holdings after award
Award price per share
$0.0000 per share
Grant/award acquisition, no cash cost
Phantom stock units
15.08 units
Acquired via dividend reinvestment
Vesting date
May 11, 2027
Scheduled vesting of director share units
Key Terms
director share units, equity-based retainer, phantom stock units, dividend reinvestment
4 terms
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
phantom stock units financial
"Includes 15.08 phantom stock units acquired through dividend reinvestment"
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.
dividend reinvestment financial
"phantom stock units acquired through dividend reinvestment pursuant to the terms and conditions"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What insider transaction did L3Harris (LHX) report for Thomas A. Dattilo?
L3Harris reported that director Thomas A. Dattilo received a grant of 661 shares of common stock as part of his non-employee director equity-based retainer. The shares were awarded at no cash price and represent routine compensation, not an open-market trade.
Was the L3Harris (LHX) Form 4 a market purchase or sale by Thomas A. Dattilo?
The Form 4 reflects a grant of 661 shares as director compensation, not a market purchase or sale. The transaction is coded as a grant or award acquisition, with a reported price per share of $0.0000, indicating no cash payment by the director.
What are the phantom stock units mentioned in the L3Harris (LHX) Form 4 footnotes?
The filing notes 15.08 phantom stock units acquired through dividend reinvestment. These units track the value of L3Harris common stock and accrue from dividends under the director share unit agreement, but they are recorded as units rather than traditional share purchases.