MEHTA SAMIR 4
4 · L3HARRIS TECHNOLOGIES, INC. /DE/ · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
L3Harris (LHX) Pres. Samir Mehta Exercises Options and Sells Shares
What Happened
Samir Mehta, President, Space & Mission Systems at L3Harris (LHX), had a combination of exercise/conversion and award settlements on Feb 26, 2026 and an open-market sale on Mar 2, 2026. The filing shows 9,115 shares acquired via exercise/conversion (code M) and awards of 10,320 and 2,675 derivative units (code A) on 2/26/2026. To cover tax withholding, 3,587 shares were surrendered/disposed at $355.16 each for $1,273,959 (code F). On 3/2/2026 he sold 5,528 shares in the open market at $370.32 for $2,047,129. Overall, the transaction mix was largely exercise/award-related with a partial sale — not a straightforward purchase.
Key Details
- Transaction dates/prices:
- 2026-02-26: Exercise/conversion (M) 9,115 shares @ $0.00 (acquired)
- 2026-02-26: Awards/grants (A) 10,320 shares @ $0.00 (derivative)
- 2026-02-26: Awards/grants (A) 2,675 shares @ $0.00 (derivative)
- 2026-02-26: Tax withholding (F) 3,587 shares @ $355.16 — $1,273,959 (disposed to cover taxes)
- 2026-03-02: Open-market sale (S) 5,528 shares @ $370.32 — $2,047,129 (disposed)
- Aggregate items shown on the Form 4: 22,110 share-related units reported on 2/26/2026 (9,115 + 10,320 + 2,675), with 3,587 shares withheld and 5,528 sold; remaining shares from the settlement were retained per the filing.
- Footnotes:
- F1: Settlement of performance stock units (PSUs) granted 2/24/2023 after the 3‑year performance period.
- F2: Options referenced vest ratably on 2/26/2027–2/26/2029 and remain exercisable per award terms.
- F3: Restricted stock units (RSUs) subject to vesting on 2/26/2029; vested units settle in shares.
- Filing timeliness: Reported on 2026-03-02 for transactions on 2026-02-26 — this appears to be filed within the SEC’s two-business-day window (timely).
Context and interpretation
- This was primarily an exercise/award settlement with routine tax withholding and a subsequent open-market sale of a portion of the shares. Selling shares after an option exercise or PSU settlement is common to cover exercise costs or taxes and does not by itself indicate broader portfolio intent.
- Some items reported are derivative awards subject to future vesting (see F2 and F3), so not all units represent immediately transferable shares.
Insider Transaction Report
- Exercise/Conversion
Common Stock, Par Value $1.00
[F1]2026-02-26+9,115→ 16,871.07 total - Tax Payment
Common Stock, Par Value $1.00
2026-02-26$355.16/sh−3,587$1,273,959→ 13,284.07 total - Sale
Common Stock, Par Value $1.00
2026-03-02$370.32/sh−5,528$2,047,129→ 7,756.07 total - Award
Non-Qualified Stock Option (Right to Buy)
[F2]2026-02-26+10,320→ 10,320 totalExercise: $355.16Exp: 2036-02-26→ Common Stock Par Value $1.00 (10,320 underlying) - Award
Restricted Stock Units
[F3]2026-02-26+2,675→ 2,675 totalExercise: $0.00→ Common Stock Par Value $1.00 (2,675 underlying)
Footnotes (3)
- [F1]Settlement of performance stock units granted on 2/24/2023 in shares of common stock following the end of the 3-year performance period.
- [F2]Options to purchase shares of common stock generally vest ratably on 2/26/2027, 2/26/2028, and 2/26/2029 and remain exercisable, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement.
- [F3]Award of restricted stock units subject to future vesting on 2/26/2029, subject to continued employment (with certain exceptions) and the terms and conditions of the restricted unit award agreement. Each restricted stock unit represents a contingent right to receive 1 share of common stock, with vested units settled in shares of common stock.