FRADIN ROGER 4
Research Summary
AI-generated summary
L3Harris Director Roger Fradin Receives 661-Share Award
What Happened
- Roger Fradin, a non-employee director of L3Harris Technologies (LHX), was granted 661 director share units on May 11, 2026 (transaction reported on May 12, 2026). The reported acquisition price is $0.00 and the grant value is shown as $0.
- The award generally vests on May 11, 2027, subject to Fradin’s continued service and the terms of the director share unit agreement. The grant includes 15.08 phantom stock units attributable to dividend reinvestment.
Key Details
- Transaction date: 2026-05-11; Filing date: 2026-05-12.
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 661 director share units; 15.08 are phantom dividend-reinvested units.
- Price reported: $0.00 per unit; total reported cash consideration: $0.
- Vesting: Generally vests May 11, 2027, subject to continued service and agreement terms (see F1).
- Shares owned after transaction: Not specified in the provided filing.
- Exhibit: Power of Attorney (Exhibit 24) listed.
Context
- Director share units are a form of equity-based compensation for non-employee directors. They typically convert to common shares (or equivalent) upon vesting and are often used as routine compensation rather than an insider signal to buy or sell.
- Phantom stock units represent dividend equivalents credited to the award and do not represent additional cash paid at grant; they track dividend value and may convert upon settlement.