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Get filing alertsL3Harris grants in retention equity to CFO and two division presidents
Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Board approved in special retention awards: $10M each to Missile Solutions and Space & Mission Systems presidents, $5M to CFO, split 50/50 between performance shares and restricted stock.
Item 5.02 verify on EDGAR → -
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Performance shares vest based on three-year ($5,000,000, FY2027-2029) organic revenue growth and segment operating margin, each weighted 50%, with payout ranging 0% to 200% of target.
Item 5.02 verify on EDGAR → -
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Both award types cliff-vest end of FY2029, requiring continued employment; involuntary termination without cause triggers pro-rata vesting (one-third per year), but voluntary departure forfeits all awards.
Item 5.02 verify on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify