CHRISTOPHER E. KUBASIK - 23 Feb 2024 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Signature
By: /s/ John C. Scarborough, Jr., Attorney-in-Fact For: Christopher E. Kubasik
Issuer symbol
LHX
Transactions as of
23 Feb 2024
Net transactions value
-$3,843,978
Form type
4
Filing time
27 Feb 2024, 19:51:10 UTC
Previous filing
02 Mar 2023
Next filing
27 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +31,657 +36% $0.000000 119,057 23 Feb 2024 Direct F1, F2
transaction LHX Common Stock, Par Value $1.00 Tax liability $2,584,337 -12,051 -10% $214.45 107,006 23 Feb 2024 Direct
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +15,118 +14% $0.000000 122,124 26 Feb 2024 Direct
transaction LHX Common Stock, Par Value $1.00 Tax liability $1,259,641 -5,949 -4.9% $211.74 116,175 26 Feb 2024 Direct
holding LHX Common Stock, Par Value $1.00 43,047 23 Feb 2024 By grantor retained annuity trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LHX Performance Stock Units Options Exercise $0 -30,235 -100% $0.000000* 0 23 Feb 2024 Common Stock, Par Value $1.00 30,235 $0.000000 Direct F4
transaction LHX Non-Qualified Stock Option (Right to Buy) Award $0 +65,841 $0.000000 65,841 23 Feb 2024 Common Stock Par Value $1.00 65,841 $214.45 Direct F5
transaction LHX Restricted Stock Units Award $0 +15,738 $0.000000 15,738 23 Feb 2024 Common Stock Par Value $1.00 15,738 $0.000000 Direct F6
transaction LHX Restricted Stock Units Options Exercise $0 -15,118 -100% $0.000000* 0 26 Feb 2024 Common Stock, Par Value $1.00 15,118 $0.000000 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance stock units granted on 2/26/2021 (previously reported) in shares of common stock following the end of the 3-year performance period. Includes 1,422 shares earned in excess of the amount previously reported as performance stock units based on the performance stock unit payout formula.
F2 Includes both 3,338 and 4,253 shares previously reported as indirectly owned through a grantor retainer annuity trust that were distributed to the reporting person pursuant to the terms of the grantor retainer annuity trust on 11/22/2023 and 2/16/2024, respectively, and 98.31 shares acquired through the Issuer's retirement plan since last reported by the reporting person based on information provided by the plan's administrator as of 12/29/2023.
F3 10,000, 16,000 and 12,000 shares were contributed by the reporting person to a grantor retained annuity trust for the benefit of himself and his three adult children on 5/1/2023, 5/30/2023 and 8/23/2023, respectively.
F4 Award of performance stock units that vested on 12/29/2023 following the end of the 3-year performance period and were settled in shares of common stock on 2/23/2024 based on the performance stock unit payout formula.
F5 Options to purchase shares of common stock generally vest ratably on 2/23/25, 2/23/26, and 2/23/27 and remain exercisable, subject to continued employment (with certain exceptions) and the terms and conditions of the stock option award agreement.
F6 Award of restricted stock units subject to future vesting on 2/23/2027, subject to continued employment (with certain exceptions) and the terms and conditions of the restricted unit award agreement. Each restricted stock unit represents a contingent right to receive 1 share of common stock, with vested units settled in shares of common stock. Does not include performance stock units granted on 2/23/2024, which vest solely upon achievement of pre-established performance goals over a 3 year performance period.
F7 Each restricted stock unit represented a contingent right to receive one share of common stock and vested on 2/26/2024.