L3Harris grants USD 25 million in one-time equity awards to CFO, two unit presidents

• L3Harris set special one-time equity “Sustainment Awards” for CFO Kenneth Sharp, Missile Solutions president Kenneth Bedingfield, Space & Mission Systems president Samir Mehta.
• Awards grant Aug. 3 under the 2024 Equity Incentive Plan; 50% PSUs, 50% RSUs; target values USD 5 million, USD 10 million, USD 10 million.
• PSUs run fiscal 2027-2029; payout 0%-200% based on compounded organic revenue growth (50%) and average segment operating margin (50%).
• PSUs, RSUs cliff-vest at fiscal 2029 end; PSU, RSU counts set using the closing share price on the grant date.
• Involuntary termination without cause triggers pro-rata vesting by fiscal year-end milestones; no vesting on voluntary exit or retirement.

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