L3Harris (NYSE: LHX) exec sells 5,528 shares and gains new awards
Rhea-AI Filing Summary
L3Harris Technologies executive Jon Rambeau reported multiple equity transactions. He sold 5,528 shares of common stock in an open-market transaction at a price of $370.32 per share, leaving 7,660.03 common shares held directly.
He was granted 9,234 non-qualified stock options at an exercise price of $0.00 per option, which generally vest ratably on 2/26/2027, 2/26/2028, and 2/26/2029, with 9,234 options held after the grant. He also received 2,394 restricted stock units that are scheduled to vest on 2/26/2029, each representing one share of common stock, with 2,394 units outstanding after the award.
On 2/26/2026 he exercised 9,115 derivative securities into common stock and used 3,587 shares, valued at $355.16 per share, to cover tax liabilities through a tax-withholding disposition. All reported holdings are listed as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, Par Value $1.00 | 5,528 | $370.32 | $2.05M |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 9,234 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,394 | $0.00 | -- |
| Exercise | Common Stock, Par Value $1.00 | 9,115 | $0.00 | -- |
| Tax Withholding | Common Stock, Par Value $1.00 | 3,587 | $355.16 | $1.27M |
Footnotes (1)
- Settlement of performance stock units granted on 2/24/2023 in shares of common stock based on the performance stock unit payout formula following the end of the 3-year performance period. Options to purchase shares of common stock generally vest ratably on 2/26/27, 2/26/28, and 2/26/29 and remain exercisable, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement. 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.