Scott T. Mikuen - Feb 24, 2023 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Signature
By: Scott T. Mikuen
Stock symbol
LHX
Transactions as of
Feb 24, 2023
Transactions value $
-$204,056
Form type
4
Date filed
2/28/2023, 05:34 PM
Previous filing
Aug 22, 2022
Next filing
Mar 2, 2023

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 +3.99K +8.9% $0.00 48.8K Feb 24, 2023 Direct F1, F2
transaction LHX Common Stock, Par Value $1.00 Tax liability -$204K -971 -1.99% $210.15 47.8K Feb 24, 2023 Direct F3
holding LHX Common Stock, Par Value $1.00 8.97K Feb 24, 2023 By grantor retained annuity trust

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 -3.67K -100% $0.00* 0 Feb 24, 2023 Common Stock, Par Value $1.00 3.67K $0.00 Direct F4
transaction LHX Non-Qualified Stock Option (Right to Buy) Award $0 +7.76K $0.00 7.76K Feb 24, 2023 Common Stock, Par Value $1.00 7.76K $210.15 Direct F5
transaction LHX Restricted Stock Units Award $0 +2.02K $0.00 2.02K Feb 24, 2023 Common Stock, Par Value $1.00 2.02K $0.00 Direct F6
* 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 2/28/2020 (previously reported) in shares of common stock following the end of the 3-year performance period. Includes 320 shares earned in excess of the amount previously reported as performance stock units based on the performance stock unit payout formula.
F2 Includes 42.15 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 12/31/2022.
F3 Shares withheld by the Issuer to pay tax liability on the settlement of performance stock units.
F4 Award of performance stock units that vested on 12/30/2022 following the end of the 3-year performance period and were settled in shares of common stock on 2/24/2023 based on the performance stock unit payout formula.
F5 Options to purchase shares of common stock generally vest ratably on 2/24/2024, 2/24/2025, and 2/24/2026 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 2/24/2026, 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 common stock. Does not include performance stock units granted on 2/24/2023, which vest solely upon achievement of pre-established performance goals over a 3 year performance period.