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L3HARRIS TECHNOLOGIES, INC. /DE/·4

Mar 2, 5:04 PM ET

MEHTA SAMIR 4

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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.