Rice Edward A Jr 4
Research Summary
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L3Harris (LHX) Director Edward Rice Receives 661-Share Award
What Happened Edward A. Rice Jr., a non-employee director of L3Harris Technologies (LHX), received an award of 661 director share units on May 11, 2026. The reported acquisition price is $0.00 (an equity grant rather than an open-market purchase or sale). The filing shows the grant value at time of award as $0; it represents compensation in the form of director share units, not a cash purchase.
Key Details
- Transaction date: 2026-05-11; filing date: 2026-05-12 (timely).
- Award: 661 director share units acquired (report lists $0.00 per share at grant).
- Footnote: The 661 units include 31.12 phantom stock units credited as dividend equivalents since the last report.
- Vesting/settlement: Units generally vest May 11, 2027 subject to continued service; per a prior deferral election, these units will be settled in shares of common stock upon the reporting person’s separation from service (see F1).
- Shares owned after transaction: Not specified in the filing.
- Exhibit: Exhibit 24 — Power of Attorney included.
Context This was an equity compensation grant (code "A" — award/acquisition), a routine form of director pay, not an open-market buy or sale. Such awards are common for non-employee directors and do not by themselves signal a buy or sell sentiment; they typically vest over time and may be settled in shares when service ends.