L3HARRIS TECHNOLOGIES, INC. /DE/
For the period ended Oct 2, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 2, 2026 · Filed Oct 29, 2026
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Item 5. OTHER INFORMATION
Securities Trading Plans of Directors and Executive Officers
We require all executive officers and directors to effect purchase and sale transactions in L3Harris securities pursuant to a trading plan (each, a “10b5-1 Plan”) intended to satisfy the requirements of Rule 10b5-1 under the Exchange Act (“Rule 10b5-1”). We limit executive officers to a single 10b5-1 Plan in effect at any time, subject to limited exceptions in accordance with Rule 10b5-1.
On August 16, 2026, Christopher Kubasik, the Company’s former Chairman and CEO, terminated his February 4, 2026 10b5-1 Plan, which provided for the sale of 189,501 shares.
Other than as disclosed above, during third quarter 2026, none of the Company’s directors or officers adopted, modified orterminated any 10b5-1 Plan.
Compensation Plans
On October 23, 2026, upon the recommendation of the compensation committee (the “Committee”) of the Board, the Board amended each of the Company’s Annual Incentive Plan (the “AIP”) and the Company’s Severance Pay Plan (the “Severance Plan”).
The amendment to the AIP removes the individual payout cap, such that the Committee retains discretion to determine the payout for each award, subject to a maximum payout not to exceed 200% of the applicable target award.
The amendment to the Severance Plan adds a CEO severance benefit, providing for a lump sum cash payment equal to two times the sum of the CEO’s annual base pay and annual bonus at target, and 24 months of COBRA coverage.
The foregoing descriptions of the amendment to the AIP and the amendment to the Severance Plan are summaries, do not purport to be complete and are qualified in their entirety by reference to the full text of the AIP and the Severance Plan, each effective October 23, 2026, which are filed as Exhibits 10.3 and 10.4, respectively, to this Report and incorporated herein by reference.
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