L3HARRIS TECHNOLOGIES, INC. /DE/·4

Feb 26, 7:39 PM ET

KUBASIK CHRISTOPHER E 4

Research Summary

AI-generated summary

Updated

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.