Harris Corporation director was just granted 1,666 restricted shares

Lloyd W Newton, a director of Harris Corporation, just received 1,666 restricted shares from the company. The restricted shares don't become available to Newton until such time as they become vested. Newton now owns at least 1,666 restricted shares of the company.

Some additional info was provided as follows:


Award of director share units in respect of non-employee director's equity-based retainer, which generally will vest on 4/23/2022, subject to non-employee director's continued service and terms and conditions of director share unit agreement. Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.
Settlement of director share units awarded on 4/24/2020 (previously reported) that vested on 4/24/2021, including 16.31 additional units via deemed dividend reinvestment pursuant to terms and conditions of director share unit agreement. (Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.) Pursuant to reporting person's prior election to defer such units upon vesting, such units were credited as phantom stock units under L3Harris Technologies, Inc. 2019 Non-Employee Director Deferred Compensation Plan (the "Plan"). (Each phantom stock unit is the economic equivalent of 1 share of Issuer's common stock, with units deferred and credited under the Plan to be settled in shares of Issuer's common stock upon reporting person's separation from service from Issuer.)

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Harris Corporation's Chair and CEO just disposed of 60,706 shares - June 10, 2021
Pres. of Harris Corporation just disposed of 18,963 shares - June 9, 2021
Harris Corporation's Chair and CEO just disposed of 30,353 shares - June 9, 2021
VP of Harris Corporation just disposed of 1,000 shares - June 8, 2021
Specialized disclosure report - May 27, 2021

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