Sean J. Stackley - 24 Feb 2023 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Role
Sr. VP Strategy, Growth & Tech
Signature
By: /s/ John C. Scarborough, Jr., Attorney-in-Fact For: Sean J. Stackley
Issuer symbol
LHX
Transactions as of
24 Feb 2023
Net transactions value
-$304,297
Form type
4
Filing time
28 Feb 2023, 17:41:49 UTC
Previous filing
05 Jan 2023
Next filing
02 Mar 2023
SEC
View on sec.gov

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 +4,399 +36% $0.000000 16,633 24 Feb 2023 Direct F1, F2
transaction LHX Common Stock, Par Value $1.00 Tax liability $304,297 -1,448 -8.7% $210.15 15,185 24 Feb 2023 Direct 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 -4,046 -100% $0.000000* 0 24 Feb 2023 Common Stock, Par Value $1.00 4,046 $0.000000 Direct F4
transaction LHX Non-Qualified Stock Option (Right to Buy) Award $0 +11,632 $0.000000 11,632 24 Feb 2023 Common Stock, Par Value $1.00 11,632 $210.15 Direct F5
transaction LHX Restricted Stock Units Award $0 +3,034 $0.000000 3,034 24 Feb 2023 Common Stock, Par Value $1.00 3,034 $0.000000 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 353 shares earned in excess of the amount previously reported as performance stock units based on the performance stock unit payout formula.
F2 Includes 5.47 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney