Form 8-K · Current report
L3Harris 8-K, filed Jul 24, 2026
- Filed
- CIK
- 0000202058
- Accession no.
- 0000202058-26-000047
Summary
L3Harris Technologies' compensation committee approved special one-time equity awards for three executives — CFO Kenneth Sharp at a $5 million target value and Kenneth Bedingfield (President, Missile Solutions) and Samir Mehta (President, Space & Mission Systems and Communications & Spectrum Dominance) at $10 million each. The awards, to be granted August 3, 2026, are half performance share units tied to three-year organic revenue growth and segment operating margin goals, and half restricted stock units, cliff-vesting at the end of fiscal 2029.
Key points
- The awards are split 50% performance share units and 50% restricted stock units under L3Harris' 2024 Equity Incentive Plan.
- PSUs cover fiscal 2027 through fiscal 2029, with payout ranging from 0% to 200% of target based equally on compounded organic revenue growth and average segment operating margin.
- Both PSUs and RSUs cliff-vest at the end of fiscal 2029, contingent on continued employment.
- Involuntary termination without cause allows pro-rata vesting of one-third after fiscal 2027, two-thirds after fiscal 2028, and full vesting after fiscal 2029, with no vesting on voluntary termination or retirement.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 23, 2026, the Compensation Committee of the Board of Directors of L3Harris Technologies, Inc. (the “Company”) approved the grant of special one-time equity awards (the “Sustainment Awards”) to each of Kenneth Sharp, Senior Vice President and Chief Financial Officer, Kenneth Bedingfield, President, Missile Solutions, and Samir Mehta, President, Space & Mission Systems and Communications & Spectrum Dominance (the “Executives”). …
An excerpt of the text as filed with the SEC, cut for length.
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