Zamarro Christina L 4
Research Summary
AI-generated summary
L3Harris Director Christina Zamarro Receives $37.5K Award
What Happened
- Christina L. Zamarro, a director of L3Harris Technologies (LHX), was credited with 105.96 phantom stock units on April 1, 2026. The units are valued at $353.91 each, for a total award value of $37,500. This is an award/credit (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-03 (Form 4 filed timely).
- Units credited: 105.96 phantom stock units at $353.91 per unit; total value $37,500.
- Shares owned after transaction: Not specified in this filing.
- Footnote F1: These are phantom stock units under the 2019 Non-Employee Director Compensation Plan, credited pursuant to a prior election to defer quarterly cash retainers; units settle only in shares upon the reporting person's separation from service.
- Footnote F2: The 105.96 units include 16.95 phantom units credited from dividends since the last report.
- Transaction type: Award/Grant (A) — compensation credit, not a market trade.
Context
- Phantom stock units are a form of deferred director compensation that are settled in actual shares only when the director leaves service; they do not represent immediate share purchases or sales. Such credits are routine for non-employee directors and do not, by themselves, indicate a change in trading intent or market sentiment.