David S. Regnery, a director at L3Harris Technologies, Inc., has reported a transaction involving the acquisition of 157.3 shares of the company's common stock. This transaction, filed on October 2, 2026, is significant as it underscores the ongoing compensation strategies within the aerospace and defense industry.
According to the SEC filing, the transaction took place on October 1, 2026, at a price of $238.40 per share. Following this acquisition, Regnery now owns a total of 2,987.21 shares of L3Harris Technologies. The filing indicates that the shares acquired represent a credit of phantom stock units under the company's 2019 Non-Employee Director Compensation Plan.
Background
L3Harris Technologies, Inc. is a leading player in the aerospace and defense sector, specializing in search, detection, navigation, guidance, and aeronautical systems. The company, which trades under the ticker symbol LHX, is known for its innovative solutions and has a significant presence in the market.
Regnery's recent filing is part of a series of transactions he has made as a director of the company. His previous filings include several transactions under the same compensation plan, reflecting a consistent approach to managing his stock holdings.
What the Filing Says
The SEC filing states, "Represents a credit of phantom stock units under the L3Harris Technologies, Inc. 2019 Non-Employee Director Compensation Plan..." This indicates that Regnery's acquisition is tied to his role as a non-employee director, where he has elected to defer cash retainers in favor of phantom stock units.
Impact
This transaction may impact various stakeholders, including shareholders and other directors at L3Harris Technologies. By acquiring additional shares, Regnery aligns his interests with those of the shareholders, potentially enhancing confidence in the company's future performance.
What's Next
The filing does not say what happens next.