Rakita Melanie 4

What Happened

• Melanie Rakita, Vice President and Chief Human Resources Officer of L3Harris (LHX), sold shares in the open market and also exercised/received equity awards. On 2026-02-26 she exercised or converted 1,020 derivative shares (listed at $0.00), had 269 shares withheld to satisfy taxes (~$95,538), and sold 2,378 shares at $341.45 each for $811,968. She later sold 751 shares on 2026-03-02 at $370.32 for $278,110. In addition, on 2026-02-26 she had derivative awards recorded as acquired: 4,345 shares (settlement of performance stock units) and 1,127 restricted stock units (both recorded at $0.00).
• In cash terms, the two open-market sales totaled $1,090,078; the 269-share disposition for tax withholding totaled $95,538. Overall, 3,129 shares were sold in open-market trades and 269 shares were surrendered for taxes.

Key Details

• Transaction dates & prices:
  • 2026-02-26: Exercise/conversion of 1,020 shares @ $0.00 (acquired)
  • 2026-02-26: Tax withholding 269 shares @ $355.16 (disposed) = $95,538
  • 2026-02-26: Open-market sale 2,378 shares @ $341.45 = $811,968
  • 2026-03-02: Open-market sale 751 shares @ $370.32 = $278,110
  • 2026-02-26: Awards recorded — 4,345 shares (PSU settlement) and 1,127 RSUs @ $0.00
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes from the filing:
  • F1: 4,345 shares reflect settlement of performance stock units granted 2/24/2023 after the 3-year performance period.
  • F2: Options described in the filing generally vest ratably in 2027–2029 (standard vesting schedule referenced).
  • F3: 1,127 restricted stock units are subject to future vesting (2/26/2029) and represent contingent rights to receive shares if/when vested.
• Tax withholding: The 269-share disposition (code F) appears to be for tax withholding related to the equity settlement.
• Filing timeliness: Form filed 2026-03-02 (no late-filing note indicated in the provided data).

Context

• This sequence looks like an equity settlement/exercise event where derivative awards were converted/settled and a portion of shares was sold in the open market while some shares were withheld to satisfy taxes — a common, routine action for executives receiving vested/settled awards. The filing shows both settlement of performance-based units and a grant of restricted stock units subject to future vesting.
• These transactions are factual disclosures of insider activity; they do not by themselves indicate why the insider sold shares (e.g., diversification, tax obligations, or routine plan mechanics).