Bedingfield Kenneth L 4
Research Summary
AI-generated summary
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.