KUBASIK CHRISTOPHER E 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
L3Harris CEO Christopher Kubasik Settles PSUs; 18,985 Shares Withheld
What Happened
- Christopher E. Kubasik, Chairman and CEO of L3Harris Technologies (LHX), reported settlement/conversion of derivative awards and receipt of additional awards on 2026-02-26. The filing shows:
- 48,245 shares acquired via exercise/conversion of a derivative (code M) at $0.00 per share (settlement of performance awards).
- 48,882 shares acquired as a grant/award (code A) at $0.00.
- 12,671 shares acquired as a grant/award (code A) at $0.00.
- 18,985 shares were disposed/withheld (code F) to satisfy tax withholding at $355.16 per share, totaling $6,742,713.
- These transactions reflect award settlement and tax withholding rather than an open-market sale or cash purchase.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely).
- Prices reported: acquired shares at $0.00 (award/settlement); 18,985 shares withheld at $355.16 each for taxes (total $6,742,713).
- Total shares reported acquired on the form: 48,245 + 48,882 + 12,671 = 109,798 shares. 18,985 shares were withheld to cover taxes.
- Footnotes of note:
- F1: The 48,245-share settlement reflects performance stock units granted 2/24/2023 settled after the 3-year performance period.
- F2/F3: The filing also references other award terms — stock options vesting ratably in 2027–2029 (F2) and restricted stock units vesting on 2/26/2029 (F3).
- Shares owned after the transactions are not provided in the summary data supplied here.
Context
- This is primarily an award settlement (derivative conversion/PSU settlement) with shares withheld to satisfy tax obligations — a routine, non-open-market tax withholding (not a cash sale).
- For retail investors, such certificate settlements and tax-withholding disposals are common and do not necessarily indicate CEO buying or selling intent in the public market.
Insider Transaction Report
Form 4
KUBASIK CHRISTOPHER E
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Common Stock, Par Value $1.00
[F1]2026-02-26+48,245→ 210,822 total - Tax Payment
Common Stock, Par Value $1.00
2026-02-26$355.16/sh−18,985$6,742,713→ 191,837 total - Award
Non-Qualified Stock Option (Right to Buy)
[F2]2026-02-26+48,882→ 48,882 totalExercise: $355.16Exp: 2036-02-26→ Common Stock Par Value $1.00 (48,882 underlying) - Award
Restricted Stock Units
[F3]2026-02-26+12,671→ 12,671 totalExercise: $0.00→ Common Stock, Par Value $1.00 (12,671 underlying)
Holdings
- 21,916(indirect: By Trust)
Common Stock, Par Value $1.00
Footnotes (3)
- [F1]Settlement of performance stock units granted on 2/24/2023 in shares of common stock following the end of the 3-year performance period.
- [F2]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.
- [F3]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.
Signature
By: /s/ John C. Scarborough, Jr., Attorney-in-Fact For: Christopher E. Kubasik|2026-03-02