BAILEY SALLIE B 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
L3HARRIS (LHX) Director Sallie B. Bailey Receives Award of 661 Shares
What Happened
Sallie B. Bailey, a director of L3Harris Technologies (LHX), received an award of 661 director share units on May 11, 2026. The units were reported at $0.00 per share (total reported value $0). The award includes 15.08 shares credited through dividend reinvestment and generally vests on May 11, 2027, subject to continued service and the director share unit agreement.
Key Details
- Transaction date: 2026-05-11 (Filed with SEC: 2026-05-12; filing appears timely)
- Transaction type/code: Award (A) — director share units issued, 661 units @ $0.00 each (reported value $0)
- Vesting: Generally vests May 11, 2027, subject to continued service and agreement terms (Footnote F1)
- Dividend reinvestment: 15.08 of the units were acquired via dividend reinvestment (Footnote F2)
- Shares owned after transaction: Not specified in the provided filing details
- Exhibit: Power of Attorney listed (Exhibit 24)
Context
Director share unit awards are a common form of non-employee director compensation and do not represent an open-market purchase or sale. These awards typically vest over time and are intended as compensation rather than an explicit market signal. The inclusion of dividend reinvestment means a portion of the award reflects reinvested dividends under the director share unit agreement.
Insider Transaction Report
- Award
Common Stock, Par Value $1.00
[F1][F2]2026-05-11+661→ 7,356.86 total
Footnotes (2)
- [F1]Represents an award of director share units in respect of the non-employee director's equity-based retainer, which generally will vest on May 11, 2027, subject to the non-employee director's continued service and the terms and conditions of the director share unit agreement.
- [F2]Includes 15.08 shares acquired through dividend reinvestment pursuant to the terms and conditions of the director share unit agreement.