Short answer
L3Harris (LHX) filed an 8-K current report with the SEC on July 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). One-time sustainment awards totaling $25 million for CFO Kenneth Sharp and presidents Kenneth Bedingfield and Samir Mehta.
L3Harris 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- One-time sustainment awards totaling $25 million for CFO Kenneth Sharp and presidents Kenneth Bedingfield and Samir Mehta
- Awards split 50% PSUs and 50% RSUs, aligning executive retention with shareholder returns and operating performance
- PSU performance period spans fiscal 2027–2029, based equally on organic revenue growth and segment operating margin
- PSU payouts range from 0% to 200% of target, while both awards cliff-vest at fiscal 2029 year-end
- Material retention cost and potential dilution, with limited pro-rata vesting after involuntary termination without cause
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