Geraghty Joanna 4
Research Summary
AI-generated summary
L3Harris Director Joanna Geraghty Receives Share Unit Award
What Happened
- Joanna Geraghty, a non-employee director of L3HARRIS TECHNOLOGIES, INC. (LHX), received an award of 661 director share units on 2026-05-11. The award price was reported as $0.00 (no cash paid). The units generally will vest on May 11, 2027, subject to continued service and the director share unit agreement. Per a prior deferral election, these units will be settled in shares of common stock upon the reporting person's separation from service.
Key Details
- Transaction date: 2026-05-11; Filing date: 2026-05-12 (timely; Form 4 deadline is within two business days).
- Grant type: Award/Grant (code A); 661 units awarded at $0.00; aggregate reported value $0.
- Vesting/settlement: Vesting date generally 2027-05-11; units deferred and will be settled in shares upon separation (per footnote F1).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Exhibits/remarks: Exhibit 24 (Power of Attorney) included.
Context
- This was an equity-based compensation award to a non-employee director, not an open-market purchase or sale. Such awards are routine compensation for board service and do not by themselves indicate an immediate buy/sell signal. The units are a deferred equity award that will convert to shares later per the stated vesting and deferral terms.
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