L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K

What Happened L3Harris Technologies announced on March 2, 2026 (8-K filed) that Kenneth Sharp, age 55, has been named Senior Vice President and Chief Financial Officer, effective March 16, 2026. Mr. Sharp succeeds Kenneth Bedingfield, who will move to focus exclusively as President of the company’s Missile Solutions segment. The offer letter with Mr. Sharp was dated February 26, 2026.

Key Details

• Base salary: $875,000 per year.
• Incentives and equity: annual cash incentive target = 100% of base salary; annual equity target value = $3,250,000.
• One-time awards and sign-on: restricted stock units valued at $3,500,000 (vest ratably over 4 years) and a $1,000,000 cash sign‑on bonus (subject to a 24‑month clawback).
• Other: relocation allowance of $10,000; eligibility for standard retirement, health and benefit plans; covered by L3Harris executive severance/change-in-control plans.
• Background: Sharp was CFO of Peraton (since 2023), previously CFO at DXC Technology (2020–2023) and VP/CFO Defense Systems at Northrop Grumman (2016–2020); he holds an MBA from George Washington University and a BS in accounting from University of Maryland.

Why It Matters This is a material executive change—L3Harris is installing an experienced aerospace/defense finance executive as CFO, with leadership experience at large defense and IT services firms. For investors, the key takeaways are who will run the company’s finance function going into upcoming quarters and the compensation package (notably sizable equity and sign-on arrangements) that aligns Mr. Sharp’s incentives with shareholder performance. The former CFO will continue in a senior operational role leading Missile Solutions, so this is a reallocation of senior management rather than a departure. A company press release announcing the appointment was furnished under Regulation FD on March 2, 2026.