L3Harris executive granted 98 Phantom Stock Units
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies executive Kenneth L. Bedingfield, President of Missile Solutions, received a grant of 98.44 Phantom Stock Units, each economically equivalent to one share of common stock at $353.91 per unit. After this award, he holds 332.05 Phantom Stock Units, accrued under the company’s Excess Retirement Savings Plan and ultimately settled in cash, including 0.83 units from dividend credits.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 98.44 | $353.91 | $35K |
Footnotes (3)
- F1. Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
- F2. The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan"). Phantom Stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts in the Plan.
- F3. Includes 0.83 phantom stock units acquired through dividend credits under the Plan since last reported by this reporting person.
Key Figures
Key Terms
Phantom Stock Units financial
Excess Retirement Savings Plan financial
dividend credits financial
FAQ
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What insider transaction did LHX executive Kenneth Bedingfield report?
What are Phantom Stock Units in the L3Harris (LHX) Form 4 filing?
At what value were Kenneth Bedingfield’s Phantom Stock Units recorded?
How many Phantom Stock Units does Kenneth Bedingfield hold after this award?
When and how will L3Harris Phantom Stock Units be settled for the executive?
AI-generated analysis. How Rhea-AI works. Not financial advice.