Sean J. Stackley - 25 Feb 2022 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Signature
By: /s/ Michele T. St. Mary, Attorney-in-Fact For: Sean J. Stackley
Issuer symbol
LHX
Transactions as of
25 Feb 2022
Net transactions value
$0
Form type
4
Filing time
01 Mar 2022, 16:57:18 UTC
Previous filing
15 Feb 2022
Next filing
05 Apr 2022

Key filing fact

Sean J. Stackley filed Form 4 for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) on 01 Mar 2022.

Key facts

  • This page summarizes Sean J. Stackley's Form 4 filing for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX).
  • 5 reported transactions and 5 derivative rows are listed below.
  • Filing timestamp: 01 Mar 2022, 16:57.

Change

  • Previous filing in this sequence was filed on 15 Feb 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

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

LHX transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+12,888
Change %
Price
$0.000000
Shares after
12,888
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $1.00
Underlying amount
12,888
Exercise price
$0.000000
Footnotes
F1
LHX transaction Derivative

Non-Qualified Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+34,707
Change %
Price
$0.000000
Shares after
34,707
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $1.00
Underlying amount
34,707
Exercise price
$204.85
Footnotes
F2
LHX transaction Derivative

Non-Qualified Stock Option (Right to Buy)

Award

Transaction value
$0
Shares
+11,570
Change %
Price
$0.000000
Shares after
11,570
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $1.00
Underlying amount
11,570
Exercise price
$233.51
Footnotes
F3
LHX transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+5,354
Change %
Price
$0.000000
Shares after
5,354
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $1.00
Underlying amount
5,354
Exercise price
$0.000000
Footnotes
F4
LHX transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+2,677
Change %
Price
$0.000000
Shares after
2,677
Date
25 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $1.00
Underlying amount
2,677
Exercise price
$0.000000
Footnotes
F5
An asterisk next to the price means the reported price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 1, 2019, the reporting person was granted performance stock units subject to future vesting and future adjustment, in each case, based on an award payout formula that measures achievement by 12/31/2021 of a target level (with a minimum threshold) for full-year run rate gross synergies from the merger that established L3Harris Technologies, Inc. (the "L3Harris Merger"), with an upward or downward modifier for cumulative earnings per share performance relative to a target. Each performance stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock. The maximum level was satisfied, resulting in vesting of the performance stock units at 400% of target, subject to the reporting person's continuing employment through 6/29/2022 (with certain exceptions). The reporting person voluntarily reported the grant of these performance stock units, at target, in a Form 4 filed on 8/5/2019.
F2 On August 1, 2019, the reporting person was granted an option to purchase 34,707 shares of Issuer's common stock subject to future vesting contingent on achievement by 12/31/2021 of a threshold level for full-year run rate gross synergies from the L3Harris Merger. The performance criteria were met, resulting in vesting of the option, subject to the reporting person's continuing employment through 6/29/2022 (with certain exceptions). The reporting person voluntarily reported the grant of this option in a Form 4 filed on 8/5/2019.
F3 Grant of options to purchase shares of Issuer's common stock subject to future vesting and exercisability: 3,856 on first anniversary of grant date, additional 3,857 on second anniversary of grant date and remaining 3,857 on third anniversary of grant date.
F4 Award of performance stock units subject to future vesting on 12/27/2024 in respect of 3-fiscal-year performance period that started January 1, 2022 and also subject to future adjustment based on award payout formula. Each performance stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.
F5 Award of restricted stock units subject to future vesting on 2/25/2025. (Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock.)

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

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