Bedingfield Kenneth L 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
L3Harris (LHX) President Kenneth Bedingfield Receives Award
What Happened
Kenneth L. Bedingfield, President — Missile Solutions at L3Harris Technologies (LHX), was credited with 18.83 phantom stock units on July 1, 2026. The units are valued at $292.93 each for a total economic value of about $5,516. This transaction is an award/accrual (derivative phantom stock), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-07-01; transaction type: A (award/acquisition of derivative units).
- Price/value reported: $292.93 per unit; total value ≈ $5,516.
- Instrument: Phantom stock units (derivative — economic equivalent of common shares).
- Shares/units acquired: 18.83 phantom stock units; includes 1.49 units received as dividend credits since last report.
- Settlement: Phantom units are accrued under the Excess Retirement Savings Plan and will be settled in cash upon retirement or other plan events; holders may transfer units into alternative investment accounts in the Plan prior to settlement.
- Ownership after transaction: Not disclosed in the filing.
- Timeliness: Filing date 2026-07-02 for a 2026-07-01 transaction — appears timely (no late filing indicated).
Context
This was a compensation/plan accrual of phantom stock units (derivative award) rather than a cash purchase or sale of company shares. Such grants are routine parts of executive deferred compensation and do not necessarily signal a change in the insider's market view. Phantom units track the economic value of common stock but are typically paid in cash at settlement events like retirement.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-07-01$292.93/sh+18.83$5,516→ 352.38 total→ Common Stock Par Value $1.00 (18.83 underlying)
Footnotes (3)
- [F1]Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
- [F2]The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan"). Phantom Stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts in the Plan.
- [F3]Includes 1.49 phantom stock units acquired through dividend credits under the Plan since last reported by this reporting person.