L3Harris VP Melanie Rakita Receives 340 Shares; 83 Withheld

What Happened Melanie Rakita, Vice President and Chief Human Resources Officer at L3Harris Technologies (LHX), had 340 restricted stock units (RSUs) vest and convert into 340 shares on 2026-02-24. To cover tax withholding, 83 of those shares were surrendered (disposed) at a reported per-share value of $354.27, totaling $29,404. Net shares retained from the vesting event: 257.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely within typical 2-business-day window).
• Converted/received: 340 shares from vested RSUs (transaction code M, conversion of derivative) at $0.00 reported exercise price (RSUs convert without an exercise cost).
• Tax withholding: 83 shares disposed (transaction code F) at $354.27/share = $29,404.
• Net shares received: 257 (340 acquired less 83 withheld).
• Footnote: Each RSU represented a contingent right to one share and vested on 2/24/2026.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Codes explained: M = option/derivative exercise or conversion; F = payment of exercise price or tax liability (share withholding).

Context This was a routine equity compensation event (RSU vesting) rather than an open-market purchase or sale. The withholding of shares to satisfy taxes is common and does not by itself indicate a change in the insider’s market view. For investors, award vesting is informative about executive compensation but is not the same signal as an insider buying shares in the open market.