CEO Kubasik signs new severance agreement (2x multiple) and adopts 10b5-1 plan for 76,190 shares

L3HARRIS TECHNOLOGIES, INC. /DE/

Severance agreement covers termination without cause or for good reason before March 31, 2028; severance multiple is 2 (vs 3 under CIC plan).
Pro-rata vesting of equity awards granted on/after Feb 23, 2024; non-competition and non-solicitation covenants for 2 years after employment ends.
CEO established 10b5-1 plan to exercise and sell 76,190 vested options (2016 grant, expire 2026) on predetermined dates from May to June 2024.
After March 31, 2028 and outside CIC protection period, Kubasik will receive no severance protection under any company plan.

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