L3Harris (LHX) CEO receives major equity grants and exercises options
Rhea-AI Filing Summary
L3Harris Technologies Chairman and CEO Christopher E. Kubasik reported multiple equity-related transactions in company stock. He was granted 48,882 non-qualified stock options and 12,671 restricted stock units, both at no cash cost to him. The options generally vest in three annual installments on 2/26/2027, 2/26/2028, and 2/26/2029, while the restricted stock units are scheduled to vest on 2/26/2029, in each case subject to continued employment and award terms.
On the same date, he exercised 48,245 stock options into common shares and had 18,985 common shares withheld at a price of $355.16 per share to cover the exercise price or tax obligations, a non–open-market, tax-withholding disposition. After these transactions, he directly owned 191,837 common shares and indirectly held 21,916 common shares through a grantor retained annuity trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 48,882 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,671 | $0.00 | -- |
| Exercise | Common Stock, Par Value $1.00 | 48,245 | $0.00 | -- |
| Tax Withholding | Common Stock, Par Value $1.00 | 18,985 | $355.16 | $6.74M |
| holding | Common Stock, Par Value $1.00 | -- | -- | -- |
Footnotes (1)
- Settlement of performance stock units granted on 2/24/2023 in shares of common stock following the end of the 3-year performance period. Options to purchase shares of common stock generally vest ratably on 2/26/2027, 2/26/2028, and 2/26/2029 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.
FAQ
What did L3Harris (LHX) CEO Christopher Kubasik receive in this Form 4 filing?
How many L3Harris (LHX) stock options did the CEO exercise?
What is Christopher Kubasik’s direct ownership in L3Harris (LHX) after these transactions?
When do the new L3Harris (LHX) equity awards to the CEO vest?