Equity retainer grants 661 L3Harris (LHX) director share units vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HACHIGIAN KIRK S reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies director Kirk S. Hachigian received an equity award rather than buying shares on the market. He was granted 661 shares of common stock as director share units valued at $302.35 per share, which generally vest on May 11, 2027, subject to his continued board service. After this award, he holds 4,805.63 shares directly, plus 4,000 shares held indirectly through a family trust, and his direct holdings include 15.08 phantom stock units accumulated from dividend credits.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HACHIGIAN KIRK S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Par Value $1.00 | 661 | $302.35 | $200K |
| holding | Common Stock Par Value $1.00 | -- | -- | -- |
Holdings After Transaction:
Common Stock Par Value $1.00 — 4,805.63 shares (Direct, null);
Common Stock Par Value $1.00 — 4,000 shares (Indirect, By family trust)
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 credits under the Plan since last reported by the reporting person.
Key Figures
Director share units granted: 661 shares
Grant value per share: $302.35 per share
Direct holdings after award: 4,805.63 shares
+3 more
6 metrics
Director share units granted
661 shares
Equity-based retainer grant on May 11, 2026
Grant value per share
$302.35 per share
Value used for director share unit award
Direct holdings after award
4,805.63 shares
Common stock held directly after the transaction
Indirect trust holdings
4,000 shares
Common stock held indirectly by family trust
Phantom stock units
15.08 units
Units from dividend credits under the plan
Vesting date
May 11, 2027
Vesting of the 661 director share units
Key Terms
director share units, phantom stock units, equity-based retainer, non-employee director, +1 more
5 terms
phantom stock units financial
"Includes 15.08 phantom stock units acquired through dividend credits under the Plan"
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.
equity-based retainer financial
"in respect of the non-employee director's equity-based retainer, which generally will vest on May 11, 2027"
non-employee director financial
"subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement"
dividend credits financial
"phantom stock units acquired through dividend credits under the Plan since last reported"
FAQ
What insider transaction did L3Harris Technologies (LHX) report for Kirk S. Hachigian?
L3Harris reported that director Kirk S. Hachigian received an award of 661 common stock director share units. The award is part of his equity-based retainer and is not an open-market stock purchase or sale by the director.
What are phantom stock units and how do they apply to L3Harris (LHX) director holdings?
Phantom stock units are bookkeeping units that track the value of common shares without being actual shares. For L3Harris, 15.08 phantom stock units were credited to Kirk S. Hachigian through dividend credits under the company’s plan since he last reported holdings.