Insider transaction overview
Jon Rambeau, who serves as President of Communications & Special Domains at L3Harris Technologies (NYSE: LHX), sold 5,528 shares of the company's stock on March 2, 2026, at a sale price of $370.32 per share, producing gross proceeds of $2,047,128, according to filings with the Securities and Exchange Commission.
Related option exercises and tax-related disposals
The Form 4 filing dated February 26, 2026, records several additional equity transactions for Rambeau. He exercised options that resulted in the acquisition of 9,115 shares at an exercise price of $0.0; these shares stemmed from the settlement of performance stock units. To meet tax obligations tied to that settlement, Rambeau disposed of 3,587 shares at $355.16 per share, for an aggregate value of $1,273,958.
Beyond the performance-unit settlement, the filing shows Rambeau acquired 9,234 shares through Non-Qualified Stock Options and 2,394 shares as Restricted Stock Units, both recorded at a price of $0.0.
Resulting ownership position
Following the series of transactions described in the Form 4, Rambeau directly owns 7,660.03 shares of L3Harris Technologies.
Contextual company developments in the filing
The SEC filing is presented alongside other corporate updates. L3Harris has named Kenneth Sharp as its new Chief Financial Officer, with the appointment effective March 16. Sharp's background, as stated in company materials, includes prior roles at Peraton Inc., DXC Technology, and Northrop Grumman.
Separately, L3 Technologies, a business within L3Harris, was awarded a $466 million contract from the U.S. Department of War for the development and production of night vision devices. The contract was the result of a competitive bidding process and is scheduled to run through to 2033.
Market reception and geopolitical note
On the analyst front, Bernstein SocGen Group increased its price target on L3Harris to $435 per share and maintained an Outperform rating, citing alignment with Pentagon priorities and improved operational performance. The broader defense sector experienced volatility tied to developments in Middle East conflicts and progress in Iran nuclear talks, which influenced trading in defense stocks, including L3Harris.
Research and coverage
For those seeking deeper executive-transaction detail or valuation analysis, InvestingPro is noted to offer Pro Research Reports covering L3Harris and more than 1,400 additional U.S. equities.
All transaction figures, dates, and corporate notices above are drawn from the referenced SEC Form 4 filing and company announcements as specified in those filings.