L3Harris approves special equity awards for CFO and two division presidents
L3Harris's Compensation Committee approved one-time Sustainment Awards on July 23, 2026, for CFO Kenneth Sharp and division presidents Kenneth Bedingfield and Samir Mehta, to be granted August 3, 2026. Half of each award is performance share units tied to three-year organic revenue growth and segment operating margin, and half is restricted stock units, so vesting depends on future results and continued employment.
Key points
- Target grant values: Sharp $5,000,000; Bedingfield $10,000,000; Mehta $10,000,000
- Awards are 50% PSUs and 50% RSUs under the 2024 Equity Incentive Plan, granted August 3, 2026
- PSUs cover fiscal years 2027 through 2029, weighted 50% organic revenue growth and 50% average segment operating margin, with payouts from 0% to 200% of target
- RSUs and PSUs cliff-vest at the end of fiscal year 2029; no vesting on voluntary termination or retirement
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.