L3Harris Technologies, Inc. director David S. Regnery reported a change in beneficial ownership tied to deferred director compensation on July 1, 2026. The Form 4, filed July 2, covers L3Harris common stock, par value $1.00 per share, under the company’s 2019 Non-Employee Director Compensation Plan. The reported action was a credit of phantom stock units, not an open-market purchase or sale of L3Harris shares. According to the explanatory note, the units were credited because Regnery had previously elected to defer quarterly cash retainers payable for his service as a non-employee director. Instead of receiving those retainers in cash at the time they were earned, the amounts are tracked as phantom stock units linked to L3Harris common stock. The filing also notes that Regnery’s holdings include 14.80 additional phantom stock units acquired through dividend credits under the plan since his last report. Dividend credits are typically credited to deferred stock-unit accounts to mirror dividends paid on the company’s common shares. These phantom stock units are not immediately settled in cash. The plan provides that they will be settled solely in shares of L3Harris common stock when Regnery separates from service with the company. The filing excerpt does not provide a transaction price, a transaction code, the total number of phantom stock units credited on July 1, or Regnery’s total beneficial ownership after the reported change. The key substance of the filing is that Regnery increased his deferred, share-settled exposure to L3Harris stock through director-compensation deferral and dividend-credit mechanics rather than through a market transaction.