RAMBEAU JON 4
Research Summary
AI-generated summary
L3Harris President Jon Rambeau Exercises RSUs, Sells 790 Shares
What Happened
Jon Rambeau, President (Coms. & Spec. Dom.) of L3Harris Technologies (LHX), had 3,034 restricted stock units (RSUs) convert to common shares on 2026-02-24 (reported as an exercise/conversion of a derivative, code M). To satisfy tax withholding, 790 of those shares were surrendered/sold at $354.27 each for proceeds of $279,873 (code F). The filing reporting these transactions was submitted on 2026-02-26.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26.
- RSU conversion/acquisition: 3,034 shares @ $0.00 (code M).
- Tax withholding / disposition: 790 shares @ $354.27 = $279,873 (code F).
- Footnote F2: Each restricted stock unit represented the right to one share and vested on 2/24/2026.
- Footnote F1: Includes 0.85 shares credited via the issuer's retirement plan per plan administrator data as of 1/2/2026.
- Shares owned after the transaction: not specified in the filing.
Context
This appears to be a routine vesting event where RSUs converted to shares and a portion was withheld/sold to cover taxes. Code M indicates conversion/exercise of a derivative (the RSUs), while code F denotes shares surrendered to satisfy tax obligations. Such withholding sales are common for tax purposes and do not necessarily signal a buying or selling decision about the company's stock.