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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2024
Feb 27, 2024
29993_dirs_2024-02-27_fe026d29-13b6-47dd-ab49-9395b544b943.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK: 0000202058
Period of Report: 2024-02-23
Reporting Person: KUBASIK CHRISTOPHER E (Director, Chair and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-23 | Common Stock, Par Value $1.00 | M | 31657 | — | Acquired | 119057.16 | Direct |
| 2024-02-23 | Common Stock, Par Value $1.00 | F | 12051 | $214.45 | Disposed | 107006.16 | Direct |
| 2024-02-26 | Common Stock, Par Value $1.00 | M | 15118 | — | Acquired | 122124.16 | Direct |
| 2024-02-26 | Common Stock, Par Value $1.00 | F | 5949 | $211.74 | Disposed | 116175.16 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-23 | Performance Stock Units | $0 | M | 30235 | Disposed | Common Stock, Par Value $1.00 (30235) | Direct | |
| 2024-02-23 | Non-Qualified Stock Option (Right to Buy) | $214.45 | A | 65841 | Acquired | 2034-02-23 | Common Stock Par Value $1.00 (65841) | Direct |
| 2024-02-23 | Restricted Stock Units | $0 | A | 15738 | Acquired | Common Stock Par Value $1.00 (15738) | Direct | |
| 2024-02-26 | Restricted Stock Units | $0 | M | 15118 | Disposed | Common Stock, Par Value $1.00 (15118) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, Par Value $1.00 | 43047 | Indirect |
Footnotes
F1: Settlement of performance stock units granted on 2/26/2021 (previously reported) in shares of common stock following the end of the 3-year performance period. Includes 1,422 shares earned in excess of the amount previously reported as performance stock units based on the performance stock unit payout formula.
F2: Includes both 3,338 and 4,253 shares previously reported as indirectly owned through a grantor retainer annuity trust that were distributed to the reporting person pursuant to the terms of the grantor retainer annuity trust on 11/22/2023 and 2/16/2024, respectively, and 98.31 shares acquired through the Issuer's retirement plan since last reported by the reporting person based on information provided by the plan's administrator as of 12/29/2023.
F3: 10,000, 16,000 and 12,000 shares were contributed by the reporting person to a grantor retained annuity trust for the benefit of himself and his three adult children on 5/1/2023, 5/30/2023 and 8/23/2023, respectively.
F4: Award of performance stock units that vested on 12/29/2023 following the end of the 3-year performance period and were settled in shares of common stock on 2/23/2024 based on the performance stock unit payout formula.
F5: Options to purchase shares of common stock generally vest ratably on 2/23/25, 2/23/26, and 2/23/27 and remain exercisable, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement.
F6: Award of restricted stock units subject to future vesting on 2/23/2027, 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. Does not include performance stock units granted on 2/23/2024, which vest solely upon achievement of pre-established performance goals over a 3 year performance period.
F7: Each restricted stock unit represented a contingent right to receive one share of common stock and vested on 2/26/2024.