Thread regarding L3Harris Technologies layoffs

L3Harris Technologies, Inc. (NYSE:LHX) Insider Ross Niebergall Sells 2,988 Shares

L3Harris Technologies, Inc. (NYSE:LHX) insider Ross Niebergall sold 2,988 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $247.93, for a total value of $740,814.84. Following the completion of the sale, the insider now owns 10,340 shares of the company's stock, valued at $2,563,596.20. The trade was a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.

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Post ID: @OP+1vlYdEQ9

5 replies (most recent on top)

It’s a standard disclosure that happens all the time. No biggie.

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Post ID: @kntg+1vlYdEQ9

He's a good guy. These are accumulated over the years and vest slowly. He's one of the smartest leaders, and he has a lot of integrity. He deserves the money.

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Post ID: @3xuv+1vlYdEQ9

The translation to the whole thing is that he got a bonus for eliminating those jobs. Looks like an incentive for other leaders in the company to eliminate even more. Buckle up.

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Post ID: @ifz+1vlYdEQ9

well deserved, he is crushing the aerojet integration right? That was probably his bonus for the cost saving idea of eliminating 1% of their people. These dudes are brilliant, just ask them.

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Post ID: @fzx+1vlYdEQ9

It’s a weird transaction but he basically sold nothing.

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Post ID: @fnx+1vlYdEQ9

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