Item 8.01 Other Events.
On February 27, 2023, Christopher E. Kubasik, Chair and Chief Executive Officer
of L3Harris Technologies, Inc. ("L3Harris"), established a written pre-arranged
plan providing for the exercise of certain employee stock options and the sale
of shares of common stock of L3Harris issued upon exercise of such options (the
"Plan"). The Plan was established as part of Mr. Kubasik's long-term strategy
for asset diversification and financial, estate and tax planning activities. The
Plan is intended to comply with Rule 10b5-1 under the Securities Exchange Act of
1934, as amended, and L3Harris' policies regarding transactions in L3Harris
securities by executives and was established during L3Harris' open trading
window.
Rule 10b5-1 permits individuals to establish pre-arranged stock trading plans
when they are not in possession of material nonpublic information and allows
such pre-arranged trades to be made pursuant to such plans regardless of any
subsequent material non-public information that an individual may receive. In
accordance with 10b5-1 rules, Mr. Kubasik will have no discretion over sales
under the Plan.
The Plan covers vested options to purchase 76,190 shares granted to Mr. Kubasik
in February 2016, which options expire in 2026. Subject to minimum price
thresholds specified in the Plan, shares underlying unexercised options will be
sold on multiple predetermined dates starting in May, 2023 and ending no later
than September 29, 2023. Mr. Kubasik's ownership interest in L3Harris is
considerably in excess of L3Harris' stock ownership guidelines. The transactions
under the plan will be disclosed publicly through Form 4 and Form 144 filings,
as applicable, with the Securities and Exchange Commission.
Except as may be required in L3Harris' periodic filings on Form 10-Q or Form
10-K, L3Harris does not undertake to report any Rule 10b5-1 plans that may be
adopted by any other officers or directors of L3Harris or to report
modifications or termination of any such plans, including the Plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
Exhibit
Number Description
104 Cover Page Interactive Data File formatted in Inline XBRL
1
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses