01—Abstract
Summary
Summary of the 8-K filed March 2, 2026. Cited figures are marked; the original filing is the authoritative source.
L3Harris Technologies, Inc. (LHX) has announced a significant leadership change in its finance department with the appointment of Kenneth Sharp as the new Senior Vice President and Chief Financial Officer, effective March 16, 2026.
This appointment marks a transition for the current CFO, Kenneth Bedingfield, who will now concentrate on his role as President of the Missile Solutions segment. Mr. Sharp brings a wealth of experience from his previous roles as CFO at Peraton, Inc., and Executive Vice President and CFO at DXC Technology Company, along with his tenure at Northrop Grumman Corporation, underscoring his extensive background in the defense and technology sectors. Investors can anticipate a strong financial leadership transition with Mr. Sharp's extensive experience.
His compensation package includes a base salary of $875,000,a target annual cash incentive of 100% of base salary, and target annual equity of $3,250,000. Additionally, he will receive a $3,500,000 restricted stock unit grant to offset forgone equity from his previous employer, vesting over four years, and a $1,000,000 cash sign-on bonus. This comprehensive package reflects the company's investment in experienced leadership to guide its financial strategy.
02—Key points
Key Highlights
- L3Harris appoints Kenneth Sharp as new Senior Vice President and Chief Financial Officer, effective March 16, 2026.
- Current CFO Kenneth Bedingfield will transition to focus solely on his role as President of the Missile Solutions segment.
- Kenneth Sharp possesses extensive financial leadership experience, including prior CFO roles at Peraton and DXC Technology, and a background at Northrop Grumman.
- Mr. Sharp's compensation includes a $875,000 base salary and a 100% target annual cash incentive.
- A significant equity component includes a target annual equity grant of $3,250,000.
- A one-time restricted stock unit grant of $3,500,000 is provided to offset forgone equity from his previous employer, vesting over four years.
- A $1,000,000 cash sign-on bonus is included, subject to a 24-month clawback provision.
03—Questions
Frequently Asked Questions
Why is the company appointing a new CFO?
The company is appointing Kenneth Sharp as the new CFO to bring in extensive financial leadership experience. This also allows the current CFO, Kenneth Bedingfield, to focus exclusively on leading the Missile Solutions segment as its President.
What is Kenneth Sharp's background and experience?
Kenneth Sharp is a seasoned executive with experience as CFO at Peraton, Inc. (since 2023), Executive Vice President and CFO at DXC Technology Company (2020-2023), and Vice President, CFO Defense Systems at Northrop Grumman Corporation (2016-2020). He also has a background in auditing and is a veteran of the U.S. Marine Corps.
What is the total compensation package for Kenneth Sharp?
Mr. Sharp's compensation includes an $875,000 annual base salary, a target annual cash incentive of 100% of his base salary, and a target annual equity grant of $3,250,000. He also receives a $3,500,000 restricted stock unit grant for forgone equity, a $1,000,000 sign-on bonus, and relocation benefits.
Are there any clawback provisions associated with Kenneth Sharp's compensation?
Yes, the $1,000,000 cash sign-on bonus is subject to a 24-month clawback provision.
04—Continue