MEHTA SAMIR 4

What Happened

• Samir Mehta, President, Space & Missions Systems at L3Harris (LHX), had restricted stock units (RSUs) vest on 2026-02-01. The Form 4 shows conversion of RSUs into common stock totaling 7,336 shares (3,475 + 3,861), with 2,496 shares withheld to satisfy tax obligations (1,368 and 1,128 shares). The withheld shares were valued at $342.85 each, totaling about $855,754. This was not an open-market purchase or sale—it's the routine issuance/settlement of equity awards.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely filing).
• Issued on vesting: 7,336 shares (conversion of RSUs) at $0 exercise price (code M indicates conversion/exercise of derivative).
• Tax withholding: 1,368 shares ($469,019) and 1,128 shares ($386,735) withheld (code F) at $342.85/share; total withheld ≈ 2,496 shares (~$855,754).
• Net shares delivered to Mehta (after withholding): ~4,840 shares (7,336 − 2,496).
• Footnotes: F1/F4—these shares were issued in settlement of RSUs that vested 2/1/2026; each unvested RSU represented a contingent right to 1 share. F2 notes 52.36 shares from the company retirement plan are included per plan administrator info. F3 indicates shares were withheld to pay tax liability.
• Shares owned after the transaction are not specified in the excerpt provided.

Context

• This was a standard RSU vesting event with shares withheld to cover taxes (a cashless withholding), not an open-market sale or purchase. Such transactions reflect compensation vesting and are routine; they do not, by themselves, signal a buy or sell decision by the insider.