L3Harris (LHX) director Roger Fradin receives 661-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Roger Fradin reported a new equity award and updated holdings. He received a grant of 661 shares of common stock at $0.00 per share as part of his non-employee director equity-based retainer. These director share units generally vest on May 11, 2027, subject to his continued service and the applicable agreement terms.
After the award, Fradin directly holds 6,889.86 shares of common stock, and indirectly 185 shares through the Fradin Community Trust. His position also includes 15.08 phantom stock units acquired via dividend reinvestment under the director share unit agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FRADIN ROGER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 661 | $0.00 | -- |
| holding | Common Stock, Par Value $1.00 | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 6,889.86 shares (Direct, null);
Common Stock, Par Value $1.00 — 185 shares (Indirect, Fradin Community 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 reinvestment pursuant to the terms and conditions of the director share unit agreement.
Key Figures
Equity award size: 661 shares
Award price: $0.00 per share
Direct holdings after grant: 6,889.86 shares
+3 more
6 metrics
Equity award size
661 shares
Director share unit grant at $0.00 per share
Award price
$0.00 per share
Grant of common stock as equity-based retainer
Direct holdings after grant
6,889.86 shares
Common stock directly held post-transaction
Indirect holdings
185 shares
Held through Fradin Community Trust
Phantom stock units
15.08 units
Acquired via dividend reinvestment
Vesting date
May 11, 2027
Director share units vesting, subject to continued service
Key Terms
director share units, phantom stock units, dividend reinvestment, equity-based retainer
4 terms
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 of the director share unit agreement"
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.
equity-based retainer financial
"award of director share units in respect of the non-employee director's equity-based retainer"
FAQ
What insider transaction did L3Harris (LHX) director Roger Fradin report?
Roger Fradin reported receiving 661 shares of L3Harris common stock as a director share unit award at no cost. This equity-based retainer compensates him for board service and is separate from any open-market buying or selling of LHX shares.
What are the phantom stock units mentioned in Roger Fradin’s LHX filing?
The filing notes 15.08 phantom stock units, acquired through dividend reinvestment under the director share unit agreement. Phantom units track the value of L3Harris stock for compensation purposes but are not actual shares of common stock outstanding in the market.