L3Harris (NYSE: LHX) VP & CHRO sells shares, receives new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
L3Harris Technologies executive Melanie Rakita, Vice President & CHRO, reported a mix of equity grants, option activity, and share sales. On March 2, she sold 751 common shares at $370.32 each, and on February 26 she sold another 2,378 shares at $341.45 per share. Following these sales, she directly held 4,131.2 common shares.
On February 26, she received a grant of 4,345 non‑qualified stock options and 1,127 restricted stock units, both with future vesting conditions tied to continued employment. She also acquired 1,020 common shares through an option exercise, with 269 shares withheld to cover taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,129 shares ($1,090,078)
Net Sell
6 txns
Insider
Rakita Melanie
Role
Vice President & CHRO
Sold
3,129 shs ($1.09M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, Par Value $1.00 | 751 | $370.32 | $278K |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 4,345 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,127 | $0.00 | -- |
| Exercise | Common Stock, Par Value $1.00 | 1,020 | $0.00 | -- |
| Tax Withholding | Common Stock, Par Value $1.00 | 269 | $355.16 | $96K |
| Sale | Common Stock, Par Value $1.00 | 2,378 | $341.45 | $812K |
Holdings After Transaction:
Common Stock, Par Value $1.00 — 4,131.2 shares (Direct);
Non-Qualified Stock Option (Right to Buy) — 4,345 shares (Direct);
Restricted Stock Units — 1,127 shares (Direct)
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 insider transactions did LHX executive Melanie Rakita report?
Melanie Rakita reported multiple transactions, including selling 3,129 LHX common shares and receiving new equity awards. Activity covered open‑market sales, an option exercise, new stock options, and restricted stock units, all disclosed with specific dates, share counts, and prices.
What new equity awards did Melanie Rakita receive from L3Harris (LHX)?
She received 4,345 non‑qualified stock options and 1,127 restricted stock units. These awards generally vest in future years, subject to continued employment and the terms of the respective award agreements described in the filing footnotes.
Did the LHX Form 4 include an option exercise by Melanie Rakita?
Yes. She exercised options and acquired 1,020 common shares with a transaction code "M". In a related transaction coded "F", 269 shares were withheld to pay taxes or exercise costs, consistent with standard equity compensation mechanics.
What vesting terms apply to Melanie Rakita’s new LHX stock options?
The options generally vest ratably on 2/26/2027, 2/26/2028, and 2/26/2029. They remain exercisable subject to continued employment, certain exceptions, and the detailed terms in the stock option award agreement referenced in the footnotes.
When do Melanie Rakita’s new LHX restricted stock units vest?
The restricted stock units are subject to future vesting on 2/26/2029. Each unit represents a contingent right to receive one L3Harris common share, with vested units settled in shares under the restricted unit award agreement’s conditions.