Form 4 for LHX L3Harris
Accepted 2023-02-28 00:00:00 ET · period of report 2022-02-24 · accession 0001209191-23-013873 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-28 | 2023-02-24 | LHX | KUBASIK CHRISTOPHER E | COB, CEO, Dir | M - OptEx | $0.00 | +28.2K | 120.5K | +31% | $0 |
| D | 2023-02-28 | 2023-02-24 | LHX | KUBASIK CHRISTOPHER E | COB, CEO, Dir | F - Tax | $210.15 | -10.6K | 109.9K | -9% | -$2.23M |
| DM | 2023-02-28 | 2023-02-24 | LHX | KUBASIK CHRISTOPHER E | COB, CEO, Dir | A - Grant | $0.00 | +77.6K | 61.6K | New | $0 |
| D | 2023-02-28 | 2023-02-24 | LHX | KUBASIK CHRISTOPHER E | COB, CEO, Dir | M - OptEx | $0.00 | -25.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, Par Value $1.00 | 2023-02-24 | M | A | 28,176 | $0.00 | 120,467.85 | D | — | — | (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 2,256 shares earned in excess of the amount previously reported as performance stock units based on the performance stock unit payout formula. (F2) Includes 2,662 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 1/30/2023, and 4.19 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) 2,000 and 7,300 shares of common stock were contributed by the reporting person to a grantor retained annuity trust for the benefit of himself and his three adult children on 2/1/2023 and 2/3/2023, respectively. |
| 2 | Common | Common Stock, Par Value $1.00 | 2023-02-24 | F | D | 10,617 | $210.15 | 109,850.85 | D | — | — | (F4) Shares withheld by the Issuer to pay tax liability on the settlement of performance stock units. |
| 3 | Derivative | Restricted Stock Units | 2023-02-24 | A | A | 16,060 | $0.00 | 16,060 | D | $0.00 · — to — | 16,060 Common Stock, Par Value $1.00 | (F7) 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. |
| 4 | Derivative | Non-Qualified Stock Option (Right to Buy) | 2023-02-24 | A | A | 61,577 | $0.00 | 61,577 | D | $210.15 · — to 2033-02-24 | 61,577 Common Stock, Par Value $1.00 | (F6) 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. |
| 5 | Derivative | Performance Stock Units | 2023-02-24 | M | D | 25,920 | $0.00 | 0 | D | $0.00 · — to — | 25,920 Common Stock, Par Value $1.00 | (F5) 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. |