Robert B Millard, a director of Harris Corporation, just received 218 restricted shares from the company. The restricted shares don't become available to Millard until such time as they become vested. Millard now owns at least 938 restricted shares of the company.
Some additional info was provided as follows:
Credit of phantom stock units under L3Harris Technologies, Inc. 2019 Non-Employee Director Deferred Compensation Plan (the "Plan") pursuant to reporting person's prior election to defer non-employee director quarterly cash retainer amount. Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock and is to be settled via one share of the Issuer's common stock upon the reporting person's separation from service from the Issuer.
Includes 3.13 phantom stock units acquired through dividend reinvestment in the Plan for the quarter ended 1/1/2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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