KUBASIK CHRISTOPHER E 4
Research Summary
AI-generated summary
L3Harris CEO Christopher Kubasik Exercises RSUs; Sells 5,993 Shares
What Happened
- Christopher E. Kubasik, Chairman and CEO of L3Harris Technologies (LHX), had 16,060 restricted stock units (RSUs) vest on 2026-02-24 and the RSUs converted into 16,060 shares (reported as derivative exercise/conversion).
- To satisfy tax withholding, 5,993 of those shares were surrendered/sold at an effective value of $354.27 per share, generating $2,123,140.
- The filing shows both the acquisition on vesting and the corresponding conversion/disposition entries; this appears to be a routine tax-withholding transaction rather than an open-market investment decision.
Key Details
- Transaction date: 2026-02-24 (Form 4 filed 2026-02-26 — appears timely).
- Vesting/conversion: 16,060 RSUs converted into 16,060 shares (transaction code M).
- Tax withholding/disposition: 5,993 shares disposed at $354.27/share for $2,123,140 (transaction code F).
- Footnotes: F2 confirms each RSU vested on 2/24/2026. F1 notes 5,495 and 2,589 shares were previously distributed from a grantor retained annuity trust on 2/6/2026 and 2/23/2026, respectively.
- Shares owned after transaction: not specified in the provided filing details.
Context
- This is a typical post-vesting net-share/withholding event: RSUs vested (converted to shares) and a subset of shares were surrendered/withheld to cover tax obligations. Such withholding sales are routine and do not necessarily reflect the insider’s view on the stock.
- For derivative entries: "M" denotes exercise/conversion of a derivative (here, RSUs vesting into common shares); "F" denotes disposition to satisfy tax liabilities.