L3Harris Technologies (NYSE: LHX) director reports added phantom stock units
Rhea-AI Filing Summary
L3Harris Technologies director reports additional deferred stock units
A director of L3Harris Technologies, Inc. (LHX) reported receiving 143.69 phantom stock units on 01/02/2026 under the company’s 2019 Non-Employee Director Compensation Plan. These units reflect the director’s prior election to defer quarterly cash retainers into stock-based compensation instead of cash.
After this credit, the director beneficially holds 4,745.34 phantom stock units, which are designed to mirror the value of L3Harris common stock. According to the filing, these phantom stock units are settled solely in shares of L3Harris common stock when the director separates from service with the company. The filing also notes that 13.1 of the reported units were accumulated through dividend credits since the last report.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 143.69 | $304.48 | $44K |
Footnotes (2)
- F1. Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan (the "Plan") pursuant to the reporting person's prior election to defer non-employee director quarterly cash retainers. Phantom stock units are subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer.
- F2. Includes 13.1 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
FAQ
What insider transaction did L3Harris Technologies (LHX) report in this Form 4?
How many phantom stock units does the LHX director hold after the reported transaction?
What are phantom stock units in the L3Harris Technologies 2019 Non-Employee Director Compensation Plan?
How were the new phantom stock units for the LHX director generated?
Does this L3Harris Technologies director transaction involve immediate cash or stock delivery?
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