other material
confidence high
sentiment neutral
materiality 0.40
L3Harris CEO added to CIC plan with 3x severance; director retainers increased
L3HARRIS TECHNOLOGIES, INC. /DE/
- CEO Kubasik added to Executive Change in Control Severance Plan with severance multiple of 3x base salary and target bonus, replacing expired prior letter agreement.
- Non-employee director annual cash retainer increased from $140k to $150k, effective January 1, 2024.
- Compensation Committee chair cash retainer raised from $20k to $25k per year.
- Equity retainer for board service (director share units) increased from $170k to $190k annually.