L3Harris Technologies (LHX) CFO updates holdings with phantom stock units
Rhea-AI Filing Summary
L3Harris Technologies senior executive equity update: Kenneth L. Bedingfield, the company’s SVP and Chief Financial Officer, reported a routine change in his deferred equity holdings. On 01/02/2026, he acquired 20.25 phantom stock units tied to L3Harris common stock under the company’s Excess Retirement Savings Plan. Each phantom stock unit is the economic equivalent of one share of common stock but will be settled in cash rather than stock at retirement or certain other events.
Following this transaction, Bedingfield beneficially owns 232.79 phantom stock units, which includes 0.89 units accumulated through dividend credits under the plan since his last report. Before cash settlement, he may transfer these phantom units into alternative investment options within the plan, so they function as part of his deferred compensation rather than as directly tradable shares.
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FAQ
What insider transaction did L3Harris Technologies (LHX) report for Kenneth L. Bedingfield?
Kenneth L. Bedingfield, L3Harris Technologies’ SVP and Chief Financial Officer, reported acquiring 20.25 phantom stock units on 01/02/2026 under the company’s Excess Retirement Savings Plan.
What are the phantom stock units in this L3Harris Technologies (LHX) Form 4 filing?
Each phantom stock unit is the economic equivalent of one share of L3Harris common stock but is designed to be settled in cash upon the reporting person’s retirement or other specified events, rather than delivering actual shares.
How many phantom stock units does the L3Harris (LHX) CFO hold after this transaction?
After the reported transaction, Kenneth L. Bedingfield beneficially owns 232.79 phantom stock units tied to L3Harris common stock under the Excess Retirement Savings Plan.
How were dividend credits reflected in this L3Harris (LHX) Form 4?
The filing states that the total includes 0.89 phantom stock units that were acquired through dividend credits under the Excess Retirement Savings Plan since his last report.
Can the L3Harris (LHX) CFO move his phantom stock units to other investments?
Yes. Before cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts within the Excess Retirement Savings Plan.
Is this L3Harris (LHX) Form 4 filed by a director or an officer?
The reporting person is identified as an Officer of L3Harris Technologies, serving as SVP, Chief Financial Officer, rather than as a director or 10% owner.