L3Harris (LHX) director awarded 105.96 deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies director Christina L. Zamarro acquired 105.96 phantom stock units tied to the company’s common stock. The credit arose under the 2019 Non-Employee Director Compensation Plan based on her prior election to defer quarterly cash retainers into stock-based units.
These phantom stock units will be settled solely in shares of L3Harris common stock when she separates from service. After this award, she holds 5,453.89 shares or equivalent units directly, including 16.95 phantom stock units credited through dividends since she last reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zamarro Christina L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $1.00 | 105.96 | $353.91 | $38K |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 5,453.89 shares (Direct)
Footnotes (1)
- 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. Includes 16.95 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Key Figures
Phantom units granted: 105.96 units
Reference price per share: $353.91 per share
Total holdings after transaction: 5,453.89 shares/units
+1 more
4 metrics
Phantom units granted
105.96 units
Grant of phantom stock units on 2026-04-01
Reference price per share
$353.91 per share
Value used for the 105.96-unit credit
Total holdings after transaction
5,453.89 shares/units
Direct holdings following the phantom unit credit
Dividend credit units
16.95 units
Phantom stock units from dividend credits since last report
Key Terms
phantom stock units, 2019 Non-Employee Director Compensation Plan, dividend credits, separation from service
4 terms
phantom stock units financial
"Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
2019 Non-Employee Director Compensation Plan financial
"under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan (the "Plan")"
dividend credits financial
"Includes 16.95 phantom stock units acquired through dividend credits under the Plan"
separation from service financial
"subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service"
FAQ
What did L3Harris (LHX) director Christina Zamarro report in this Form 4?
Christina Zamarro reported acquiring 105.96 phantom stock units linked to L3Harris common stock. The units were credited under the 2019 Non-Employee Director Compensation Plan based on her prior decision to defer quarterly cash retainers into stock-based compensation.
What are phantom stock units in the L3Harris (LHX) director plan?
Phantom stock units are bookkeeping entries that track the value of L3Harris common stock. Under the 2019 Non-Employee Director Compensation Plan, these units are settled solely in shares of L3Harris common stock when the director separates from service with the company.
How were the 105.96 phantom stock units for LHX calculated for Christina Zamarro?
The 105.96 phantom stock units were credited at an indicated value of $353.91 per share. This reflects the conversion of her deferred non-employee director quarterly cash retainers into stock-based units under the plan’s terms as part of her ongoing board compensation.
What do the 16.95 dividend credit units mean for LHX director Christina Zamarro?
The filing notes that her holdings include 16.95 phantom stock units acquired through dividend credits. These arise when dividends on L3Harris stock are notionally reinvested into additional phantom units under the director compensation plan, increasing her deferred stock-based position over time.