Item 8.01 Other Events.
On May 7, 2021, William M. Brown, Chair and Chief Executive Officer of L3Harris
Technologies, Inc. ("L3Harris"), established a written pre-arranged plan with
respect to the sale of certain shares of common stock of L3Harris. The plan was
established as part of Mr. Brown's long-term strategy for asset diversification
and financial, estate and tax planning activities. Mr. Brown's plan is intended
to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as
amended, and L3Harris' insider trading policy and was established during
L3Harris' open trading window.
The plan provides for the sale up to a total of 91,059 shares of L3Harris common
stock, subject to a minimum price threshold and a maximum number of shares sold
per day, starting on a pre-determined date in June 2021. Mr. Brown's ownership
interest in L3Harris is considerably in excess of L3Harris' stock ownership
guidelines, even taking into account the transactions under the plan. The
transactions under the plan will be disclosed publicly through Form 4 and Form
144 filings with the Securities and Exchange Commission.
Rule 10b5-1 permits individuals to establish pre-arranged stock trading plans
when they are not in possession of material non-public information and allows
such pre-arranged trades to be made pursuant to the plan regardless of any
subsequent material non-public information that an individual may receive. Using
these plans, individuals can prudently and gradually diversify their investment
portfolios over time. In accordance with 10b5-1 rules, Mr. Brown will have no
discretion over sales under the plan.
Except as may be required by law, L3Harris does not undertake to report any Rule
10b5-1 plans that may be adopted by any other officers or directors of L3Harris,
nor to report modifications or termination of any such plans, including Mr.
Brown's plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
Exhibit
Number Description
104 Cover Page Interactive Data File formatted in Inline XBRL
1
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