Edward J Zoiss, Harris Corporation's Pres. Space & Airborne Systems, just received 48 restricted shares from the company. The restricted shares don't become available to Zoiss until such time as they become vested. Zoiss now owns at least 928 restricted shares of the company.
Some additional info was provided as follows:
Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
The phantom stock units were accrued under the Issuer's Excess Retirement Savings Plan (the "Plan"). Phantom stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to cash settlement, the reporting person has the right to transfer phantom stock units into alternative investment accounts in the Plan.
Includes 3.80 phantom stock units acquired through dividend reinvestment in the Plan for quarter ended 1/1/2021 and an increase of 0.03 to the unit balance in the Plan due to rounding by the Plan's record keeper.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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