L3Harris VP logs mixed stock and option trades
L3Harris Technologies executive Melanie Rakita, Vice President & CHRO, reported a mix of equity grants, option activity, and share sales.
Sentiment and the balance of points
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Rhea-AI Filing Summary
L3Harris Technologies executive Melanie Rakita, Vice President & CHRO, reported a mix of equity grants, option activity, and share sales. On March 2, she sold 751 common shares at $370.32 each, and on February 26 she sold another 2,378 shares at $341.45 per share. Following these sales, she directly held 4,131.2 common shares.
On February 26, she received a grant of 4,345 non‑qualified stock options and 1,127 restricted stock units, both with future vesting conditions tied to continued employment. She also acquired 1,020 common shares through an option exercise, with 269 shares withheld to cover taxes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, Par Value $1.00 | 751 | $370.32 | $278K |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 4,345 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,127 | $0.00 | $0.00 |
| Exercise | Common Stock, Par Value $1.00 | 1,020 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, Par Value $1.00 | 269 | $355.16 | $96K |
| Sale | Common Stock, Par Value $1.00 | 2,378 | $341.45 | $812K |
Footnotes (3)
- F1. Settlement of performance stock units granted on 2/24/2023 in shares of common stock following the end of the 3-year performance period.
- F2. Options to purchase shares of common stock generally vest ratably on 2/26/2027, 2/26/2028, and 2/26/2029 and remain exercisable, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement.
- F3. Award of restricted stock units subject to future vesting on 2/26/2029, subject to continued employment (with certain exceptions) and the terms and conditions of the restricted unit award agreement. Each restricted stock unit represents a contingent right to receive 1 share of common stock, with vested units settled in shares of common stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LHX executive Melanie Rakita report?
What new equity awards did Melanie Rakita receive from L3Harris (LHX)?
Did the LHX Form 4 include an option exercise by Melanie Rakita?
What vesting terms apply to Melanie Rakita’s new LHX stock options?
When do Melanie Rakita’s new LHX restricted stock units vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.