Gautier Todd W. 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed Aug 5, 2019
Insider Transaction Report
Form 4
Gautier Todd W.
Segment President
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2019-08-01+34,707→ 34,707 totalExercise: $204.85From: 2022-06-29Exp: 2029-08-01→ Common Stock, Par Value $1.00 (34,707 underlying) - Award
Performance Stock Units
2019-08-01+3,222→ 3,222 totalExercise: $0.00→ Common Stock, Par Value $1.00 (3,222 underlying)
Footnotes (2)
- [F1]Grant of options to purchase shares of Issuer's common stock subject to future vesting on 6/29/2022 contingent on (1) continuing employment through that date (with certain exceptions) and (2) achievement by 12/31/2021 of a threshold level for full-year run rate gross synergies from the merger that established L3Harris Technologies, Inc. (the "L3Harris Merger").
- [F2]Award of performance stock units subject to future vesting on 6/29/2022 and future adjustment, in each case, based on award payout formula that measures achievement by 12/31/2021 of a target level (with a minimum threshold) for full-year run rate gross synergies from the L3Harris Merger, with an upward or downward modifier for cumulative earnings per share performance relative to a target. Each performance stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.