L3Harris (LHX) president awarded new Phantom Stock Units under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bedingfield Kenneth L reported acquisition or exercise transactions in this Form 4 filing.
L3Harris Technologies executive Kenneth L. Bedingfield, President of Missile Solutions, received a grant of 98.44 Phantom Stock Units, each economically equivalent to one share of common stock at $353.91 per unit. After this award, he holds 332.05 Phantom Stock Units, accrued under the company’s Excess Retirement Savings Plan and ultimately settled in cash, including 0.83 units from dividend credits.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bedingfield Kenneth L
Role
President, Missile Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 98.44 | $353.91 | $35K |
Holdings After Transaction:
Phantom Stock Units — 332.05 shares (Direct)
Footnotes (1)
- Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock. The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan"). Phantom Stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts in the Plan. Includes 0.83 phantom stock units acquired through dividend credits under the Plan since last reported by this reporting person.
Key Figures
Phantom Stock Units granted: 98.44 units
Reference price per unit: $353.91 per unit
Total Phantom Stock Units after grant: 332.05 units
+1 more
4 metrics
Phantom Stock Units granted
98.44 units
Award on 2026-04-01
Reference price per unit
$353.91 per unit
Economic equivalent of one share
Total Phantom Stock Units after grant
332.05 units
Holdings following transaction
Dividend credit units
0.83 units
Additional units from dividend credits under Plan
Key Terms
Phantom Stock Units, Excess Retirement Savings Plan, dividend credits
3 terms
Phantom Stock Units financial
"Each phantom stock unit is the economic equivalent of one share"
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.
Excess Retirement Savings Plan financial
"The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan"
dividend credits financial
"Includes 0.83 phantom stock units acquired through dividend credits under the Plan"
FAQ
What insider transaction did LHX executive Kenneth Bedingfield report?
Kenneth Bedingfield reported receiving 98.44 Phantom Stock Units as a compensation-related award. Each unit is economically equivalent to one share of L3Harris common stock and increases his total Phantom Stock Units holdings to 332.05 under the Excess Retirement Savings Plan.
What are Phantom Stock Units in the L3Harris (LHX) Form 4 filing?
Phantom Stock Units are book-entry awards whose value tracks L3Harris common stock. Each unit equals one share economically but is settled in cash under the Excess Retirement Savings Plan, rather than delivering actual shares to the executive when paid.
At what value were Kenneth Bedingfield’s Phantom Stock Units recorded?
The 98.44 Phantom Stock Units were recorded at $353.91 per unit. This figure reflects the economic reference price per unit, matching the value of L3Harris common stock used for this compensation-related accrual under the Excess Retirement Savings Plan.
How many Phantom Stock Units does Kenneth Bedingfield hold after this award?
Following the reported grant, Kenneth Bedingfield holds 332.05 Phantom Stock Units. This total includes 0.83 additional units acquired through dividend credits under the Excess Retirement Savings Plan since his prior reported holdings in earlier disclosures.
When and how will L3Harris Phantom Stock Units be settled for the executive?
The Phantom Stock Units will be settled in cash upon Kenneth Bedingfield’s retirement or other specified events. Until that settlement, he may transfer these units into alternative investment accounts available within the L3Harris Excess Retirement Savings Plan framework.