NEWTON LLOYD W 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed Apr 26, 2022
Insider Transaction Report
Form 4
NEWTON LLOYD W
Director
Transactions
- Award
2022 Director Share Units
2022-04-22+685→ 685 totalExercise: $0.00→ Common Stock, Par Value $1.00 (685 underlying) - Exercise/Conversion
Phantom Stock Units
2022-04-23+795.39→ 1,697.01 total→ Common Stock, Par Value $1.00 (795.39 underlying) - Exercise/Conversion
2021 Director Share Units
2022-04-23−795.39→ 0 totalExercise: $0.00→ Common Stock, Par Value $1.00 (795.39 underlying)
Footnotes (3)
- [F1]Award of director share units in respect of non-employee director's equity-based retainer, which generally will vest on 4/22/2023, subject to non-employee director's continued service and terms and conditions of director share unit agreement. Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.
- [F2]Settlement of director share units awarded on 4/23/2021 (previously reported) that vested on 4/23/2022, including 14.39 additional units via deemed dividend reinvestment pursuant to terms and conditions of director share unit agreement. (Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.) Pursuant to reporting person's prior election to defer such units upon vesting, such units were credited as phantom stock units under L3Harris Technologies, Inc. 2019 Non-Employee Director Deferred Compensation Plan (the "Plan"). (Each phantom stock unit is the economic equivalent of 1 share of Issuer's common stock, with units deferred and credited under the Plan to be settled in shares of Issuer's common stock upon reporting person's separation from service from Issuer.)
- [F3]Total includes amounts of compensation previously deferred into phantom stock units, including 16.31 additional units via quarterly deemed dividend reinvestment.