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Insider Trading Arrangements
3 Months Ended 6 Months Ended
Jun. 30, 2023
shares
Jun. 30, 2023
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
Securities Trading Plans of Directors and Executive Officers
We require all executive officers and directors to effect purchase and sale transactions in L3Harris securities pursuant to a trading plan (each, a “10b5-1 Plan”) intended to satisfy the requirements of Rule 10b5-1 under the Exchange Act (“Rule 10b5-1”). We limit executive officers to a single 10b5-1 Plan in effect at any time, subject to limited exceptions in accordance with Rule 10b5-1. In addition, our stock ownership guidelines require executive officers to maintain ownership of L3Harris securities (excluding stock options and unearned performance share units) with a value equal to a multiple of their annual salary. Each executive officer identified in the table below is expected to hold securities considerably in excess of L3Harris’ stock ownership guidelines following the sale of the maximum number of shares contemplated.
The following table includes the material terms (other than with respect to the price) of each 10b5-1 Plan adopted or terminated by our executive officers and directors during the quarter ended June 30, 2023:
Name and title
Date of adoption of 10b5-1 Plan(1)
Date of termination of 10b5-1 Plan
Scheduled expiration date of 10b5-1 Plan(2)
Aggregate number of shares of common stock to be purchased or sold(3)
Christopher E. Kubasik Chair and CEO
May 8, 2023N/ADecember 11, 2023
Up to 46,528 shares(3) underlying options expiring in 2025
Edward J. Zoiss President, SAS
February 14, 2023
June 1, 2023
(no sales)
N/A
Up to 34,819 shares, including 17,800 and 12,277 shares underlying options expiring in 2026 and 2027, respectively
June 5, 2023N/ADecember 4, 2023
Up to 34,819 shares, including 17,800 and 12,277 shares underlying options expiring in 2026 and 2027, respectively
_______________
(1) Transactions under each Rule 10b5-1 Plan commence no earlier than 90 days after adoption, or such later date as required by Rule 10b5-1.
(2) Each Rule 10b5-1 Plan may expire on such earlier date as all transactions are completed.
(3) Each Rule 10b5-1 Plan provides for shares to be sold on multiple predetermined dates.
Non-Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Terminated false  
Christopher E. Kubasik [Member]    
Trading Arrangements, by Individual    
Name Christopher E. Kubasik  
Title Chair and CEO  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date May 8, 2023  
Arrangement Duration 217 days  
Aggregate Available 46,528 46,528
Edward J. Zoiss [Member]    
Trading Arrangements, by Individual    
Termination Date June 1, 2023  
Arrangement Duration 182 days  
Aggregate Available 34,819 34,819
Edward J Zoiss February 2023 Plan [Member] | Edward J. Zoiss [Member]    
Trading Arrangements, by Individual    
Name Edward J. Zoiss  
Title President, SAS  
Adoption Date February 14, 2023  
Rule 10b5-1 Arrangement Terminated true  
Edward J Zoiss June 2023 Plan [Member] | Edward J. Zoiss [Member]    
Trading Arrangements, by Individual    
Name Edward J. Zoiss  
Title President, SAS  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date June 5, 2023