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L3Harris (NYSE: LHX) director adds phantom stock units via fee deferral

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Regnery David S reported acquisition or exercise transactions in this Form 4 filing.

L3Harris Technologies director David S. Regnery received an award of 105.96 phantom stock units of common stock at $353.91 per unit under the 2019 Non-Employee Director Compensation Plan. After this credit, he holds 2,011.67 phantom stock units, including 6.66 units added through dividend credits. These units will be settled solely in shares of common stock when he separates from service.

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Insider Regnery David S
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 — 2,011.67 shares (Direct)
Footnotes (1)
  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 6.66 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Phantom stock units granted 105.96 units Credit under 2019 Non-Employee Director Compensation Plan on April 1, 2026
Reference price per unit $353.91 per unit Price associated with phantom stock unit credit
Total phantom units after transaction 2,011.67 units Phantom stock units held following the award
Dividend credit units 6.66 units Phantom units acquired through dividend credits since last reported
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")"
defer non-employee director quarterly cash retainers financial
"pursuant to the reporting person's prior election to defer non-employee director quarterly cash retainers"
dividend credits financial
"Includes 6.66 phantom stock units acquired through dividend credits under the Plan since last reported"
separation from service financial
"subject to settlement solely in shares of the Issuer's common stock upon the reporting person's separation from service with the Issuer"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Regnery David S
(Last)(First)(Middle)
C/O L3HARRIS TECHNOLOGIES, INC.
1025 W. NASA BOULEVARD
(Street)
MELBOURNE FLORIDA 32919
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
L3HARRIS TECHNOLOGIES, INC. /DE/ [ LHX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, Par Value $1.0004/01/2026A105.96(1)A$353.912,011.67(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. Includes 6.66 phantom stock units acquired through dividend credits under the Plan since last reported by the reporting person.
Remarks:
/s/ John C. Scarborough, Jr., Attorney-in-Fact For: David S. Regnery04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LHX director David Regnery report in this Form 4?

David S. Regnery reported receiving 105.96 phantom stock units of L3Harris common stock at $353.91 per unit. The units were credited under the 2019 Non-Employee Director Compensation Plan based on his prior election to defer quarterly cash retainers as a non-employee director.

How many LHX phantom stock units does David Regnery now hold?

Following this transaction, David S. Regnery holds 2,011.67 phantom stock units tied to L3Harris common stock. This total includes 6.66 additional units that were acquired through dividend credits under the 2019 Non-Employee Director Compensation Plan since he last reported his holdings.

What is a phantom stock unit under the L3Harris 2019 plan for LHX?

Under the L3Harris 2019 Non-Employee Director Compensation Plan, phantom stock units track the value of L3Harris common stock. They are bookkeeping entries, not actual shares, and are settled solely in shares of common stock when the director separates from service with the company.

How were the new LHX phantom stock units for David Regnery created?

The 105.96 phantom stock units represent a credit based on David S. Regnery’s prior election to defer his quarterly cash retainers. Instead of receiving cash, those director fees are converted into phantom stock units under the company’s 2019 Non-Employee Director Compensation Plan.

When will David Regnery receive actual LHX shares for these phantom units?

The phantom stock units will be settled solely in L3Harris common shares when David S. Regnery separates from service as a director. Until that time, the units remain as deferred compensation entries that track the value of the company’s common stock and accumulate dividend credits.

What are the dividend credits mentioned in the LHX Form 4 footnotes?

Dividend credits are additional phantom stock units granted to mirror dividends paid on L3Harris common stock. The filing notes that 6.66 phantom units were added to David S. Regnery’s balance through such dividend credits under the 2019 Non-Employee Director Compensation Plan since his last report.