L3Harris Technologies approved special one-time equity Sustainment Awards for three senior executives, with target grant date values of $10,000,000 each for Kenneth Bedingfield and Samir Mehta and $5,000,000 for CFO Kenneth Sharp. The awards will be granted on August 3, 2026 under the 2024 Equity Incentive Plan as 50% performance share units (PSUs) and 50% restricted stock units (RSUs).
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Money laundering racket
I am so happy that my tenure here is ending soon
@
Money for nothing and chicks for free.
@wn if you truly have evidence then
report them to the federal government. You're not doing any of us tax payers or our war fighters any favors by just dropping this here in a layoff forum.
@vp Theres a lot of other financial shenanigans much larger than these new 25M bonuses.
To come up with a stable profit to grant these awards, get ready for massive layoffs in Q3-Q4.
I wonder if that means kubasik is leaving. One can only hope. How do we get rid of this guy?
That's barely top hat and monocle money in this economy. Those poor executives, I bet they can barely manage a scornful hrumph at us plebians.
Someone please think of them!
From the article referenced within this thread: "The Compensation Committee approved equity awards on July 23, 2026, with the grants scheduled for August 3, 2026. The number of PSUs and RSUs will be set by dividing each target dollar value by the common stock’s closing price on the grant date, so the filing does not yet establish the number of shares covered or any issued shares."
When L3 and Harris merged some years back, Bill Brown and The Cube received $50M each, yes, each.
https://www.stocktitan.net/sec-filings/LHX/8-k-l3harris-technologies-inc-de-reports-material-event-3f5abc769428.html
I'm so happy these amazing executives are getting paid enormous sums of money to lead us.
Don't worry since it's paid for by giving another meager raise pool this year.
These are retention awards to keep them from jumping ship until at least 2029. What a racket.