Rakita Melanie 4
Research Summary
AI-generated summary
L3Harris VP & CHRO Melanie Rakita Exercises RSUs, Sells Shares
What Happened
Melanie Rakita, Vice President and CHRO of L3Harris Technologies (LHX), had 3,596 restricted stock units (RSUs) vest on 2026-05-01 (conversion noted as an exercise/ conversion). Of those shares, 1,416 were withheld to cover taxes at an implied price of $313.37 per share (value reported $443,732). The remaining 2,180 shares were sold in an open-market transaction on 2026-05-05 at $310.45 per share, generating $676,781.
Key Details
- Vesting/conversion: 3,596 RSUs converted to shares on 2026-05-01 (transaction code M).
- Tax withholding: 1,416 shares withheld at $313.37/share → $443,732 (transaction code F).
- Open-market sale: 2,180 shares sold on 2026-05-05 at $310.45/share → $676,781 (transaction code S).
- Footnotes: F2 confirms each RSU represented one share and vested on 5/1/2026. F1 notes 61.29 shares were acquired through the issuer’s retirement plan as of 4/3/2026.
- Shares owned after the transactions are not disclosed in the provided filing details.
Context
This was a routine equity-compensation event: RSUs vested (conversion to shares), some shares were retained/withheld to satisfy tax obligations, and the remainder was sold on the open market. The derivative code M here indicates conversion/exercise of equity awards (RSUs), and the F code reflects tax withholding rather than a cash purchase. These actions are common for settled awards and do not by themselves imply a view for or against the company.