What is a Rule 10b5-1 trading plan?

A Rule 10b5-1 trading plan is a written document that pre-arranges the purchase or sale of securities. It allows company insiders, such as executives, to trade company stock at a time when they might otherwise be restricted from trading due to possessing material non-public information. The plan must be established during an 'open trading window' and the insider relinquishes control over the timing and execution of trades once the plan is in place.

Why is CEO Christopher Kubasik selling shares?

The sale of shares is part of a pre-arranged trading plan under Rule 10b5-1. This plan allows Mr. Kubasik to exercise vested stock options and sell the resulting shares on predetermined dates and at specified prices. It is a structured way to manage his equity compensation and is not necessarily an indication of a negative outlook on the company's stock. He has no discretion over the sales once the plan is active.

How many shares are involved and when will they be sold?

The plan covers up to 97,171 shares, which are underlying vested options granted to Mr. Kubasik in 2018. The sales are planned to occur starting in September 2025 and will conclude no later than December 11, 2025. The exact timing and number of shares sold within this window will depend on the predetermined schedule and minimum price thresholds set in the plan.

Will these sales be publicly disclosed?

Yes, all transactions made under this Rule 10b5-1 plan will be publicly disclosed. L3Harris Technologies and Mr. Kubasik will file the necessary reports with the U.S. Securities and Exchange Commission, specifically Form 4 and potentially Form 144, as applicable.

LHX 8-K SEC Disclosure — Jun 13, 2025

Summary

L3Harris Technologies, Inc. (LHX) announced that its Chair and CEO, Christopher E. Kubasik, has established a pre-arranged trading plan for executive stock options and the sale of shares. This plan, adopted under Rule 10b5-1, allows for the exercise of vested options to purchase up to 97,171 shares granted in 2018, with sales scheduled to occur between September and December 2025, subject to minimum price thresholds. Importantly, Mr. Kubasik will have no discretion over the timing or execution of these sales once the plan is in effect, ensuring compliance with insider trading regulations. This proactive measure demonstrates a structured approach to managing executive compensation and liquidity while adhering to strict regulatory requirements. Investors can view these upcoming transactions as part of a predetermined strategy rather than indicative of a change in management's confidence in the company's future performance. All transactions will be publicly disclosed via Form 4 and Form 144 filings.

Key Highlights

1CEO Christopher E. Kubasik has established a Rule 10b5-1 trading plan.
2The plan covers the exercise of vested stock options for up to 97,171 shares.
3Shares are from options granted in 2018, set to expire in 2028.
4Sales are scheduled to begin in September 2025 and conclude by December 11, 2025.
5Sales are subject to minimum price thresholds defined within the plan.
6Mr. Kubasik will have no discretion over sales under the plan once established.
7Transactions will be publicly disclosed via SEC filings (Form 4, Form 144).

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Jun 13, 2025)

Summary

Key Highlights

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