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Insider Trading Arrangements | 3 Months Ended | 12 Months Ended
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Dec. 29, 2023 shares | Dec. 29, 2023 shares
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement |  | 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. In addition, our stock ownership guidelines require executive officers to maintain ownership of L3Harris securities (excluding stock options and unearned performance share units) with a value equal to a multiple of their annual salary. Each executive officer identified in the table below is expected to hold securities considerably in excess of L3Harris’ stock ownership guidelines following the sale of the maximum number of shares contemplated. The following table includes the material terms (other than with respect to the price) of each 10b5-1 Plan adopted or terminated by our executive officers and directors during the quarter ended December 29, 2023:
Name and title |  | Date of adoption of 10b5-1 Plan(1) |  |  |  | Scheduled expiration date of 10b5-1 Plan(2) |  | Aggregate number of shares of common stock to be purchased or sold(3)
Christopher E. Kubasik Chair and CEO |  | December 14, 2023 |  |  |  | April 8, 2024 |  | Up to 46,528 shares underlying options expiring in 2025
Scott T. Mikuen Senior Vice President, General Counsel and Secretary |  | December 14, 2023 |  |  |  | March 18, 2024 |  | Up to 6,392 shares
William H. Swanson Director |  | December 13, 2023 |  |  |  | May 1, 2024 |  | 2,500 shares
Edward J. Zoiss President, SAS |  | November 8, 2023 |  |  |  | July 26, 2024 |  | Up to 7,217 shares
_______________ (1) Transactions under each Rule 10b5-1 Plan commence no earlier than 90 days after adoption, or such later date as required by Rule 10b5-1. (2) Each Rule 10b5-1 Plan may expire on such earlier date as all transactions are completed. (3) Each Rule 10b5-1 Plan provides for shares to be sold on multiple predetermined dates.
Rule 10b5-1 Arrangement Adopted | true |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Christopher E. Kubasik [Member] |  |
Trading Arrangements, by Individual |  |
Name | Christopher E. Kubasik |
Title | Chair and CEO |
Adoption Date | December 14, 2023 |
Arrangement Duration | 113 days |
Aggregate Available | 46,528 | 46,528
Scott T. Mikuen [Member] |  |
Trading Arrangements, by Individual |  |
Name | Scott T. Mikuen |
Title | Senior Vice President, General Counsel and Secretary |
Adoption Date | December 14, 2023 |
Arrangement Duration | 95 days |
Aggregate Available | 6,392 | 6,392
William H. Swanson [Member] |  |
Trading Arrangements, by Individual |  |
Name | William H. Swanson |
Title | Director |
Adoption Date | December 13, 2023 |
Arrangement Duration | 140 days |
Aggregate Available | 2,500 | 2,500
Edward J. Zoiss [Member] |  |
Trading Arrangements, by Individual |  |
Name | Edward J. Zoiss |
Title | President, SAS |
Adoption Date | November 8, 2023 |
Arrangement Duration | 261 days |
Aggregate Available | 7,217 | 7,217

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