secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0000202058-24-000031
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000031/0000202058-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000031/hrs-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000202058-24-000031

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