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Insider Trading Arrangements | 3 Months Ended
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Mar. 29, 2024 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 March 29, 2024:
Name and title |  | Date of adoption of 10b5-1 Plan(1) |  | Date of termination of 10b5-1 Plan |  | 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 |  | February 21, 2024 |  | N/A |  | June 13, 2024 |  | Up to 76,190 shares underlying options expiring in 2026
Scott T. Mikuen Senior Vice President, General Counsel and Secretary |  | March 13, 2024 |  | N/A |  | September 4, 2024 |  | Up to 26,414 shares, including 15,887 shares underlying options expiring in 2027
Sean Stackley Senior Vice President, Strategy, Growth & Technology |  | March 13, 2024 |  | N/A |  | September 13, 2024 |  | Up to 6,708 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 | February 21, 2024
Arrangement Duration | 113 days
Aggregate Available | 76,190
Scott T. Mikeun [Member] |
Trading Arrangements, by Individual |
Name | Scott T. Mikuen
Title | Senior Vice President, General Counsel and Secretary
Adoption Date | March 13, 2024
Arrangement Duration | 175 days
Sean Stackley [Member] |
Trading Arrangements, by Individual |
Name | Sean Stackley
Title | Senior Vice President, Strategy, Growth & Technology
Adoption Date | March 13, 2024
Arrangement Duration | 184 days
Aggregate Available | 6,708
Mr. Mikuen Trading Arrangement, Common Stock [Member] | Scott T. Mikeun [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 26,414
Mr. Mikuen Trading Arrangement, Stock Options [Member] | Scott T. Mikeun [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 15,887

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