If SM is so confident our "Presence Drives Performance," why is he selling shares while actively trying to implement a major RIF?
https://www.investing.com/news/insider-trading-news/l3harris-exec-mehta-sells-164-million-in-shares-93CH-4492290
8 replies (most recent on top)
@20z "Results Through Presence - Thank You" - 90%+ onsite presence is the new baseline. We are improving everywhere! Hahaha!
When is the next RIF? This week or next week?
"Unity, Purpose, and Support" - A message from CK.
"Your Safety and Well-Being Come First"
"Our Mission Matters"
"We are Stable and Prepared"
"We will Communicate Clearly and Frequently"
It's good to know CK and leadership care about our workforce and our country.
SM and friends have already activated their financial contingency plans with their share sales.
The coming RIF will show how much CK and the leadership team love our workforce and our national security.
SM and friends are at it again!
What are the odds of SM, MR AND JR selling a significant portion their shares at near record highs on the SAME DAY a new CFO is announced while they are actively preparing for a non-publicly disclosed MAJOR RIF?
• Samir Mehta sold 5,528 shares of L3Harris on March 2 at an average price of $370.32 for about $2.05M, trimming his holding by 41.61% to 7,756 shares; he also sold 4,840 shares on Feb. 5 at $338.85 (~$1.64M).
https://www.marketbeat.com/instant-alerts/l3harris-technologies-nyselhx-insider-samir-mehta-sells-5528-shares-2026-03-02/
• Melanie Rakita sold shares: L3Harris VP Melanie Rakita sold 2,378 shares on Feb 26 at an average of $341.45 for $811,968 and an additional 751 shares on Mar 2 at $370.32 for $278,110, reducing her holdings by about 32.75 to 4,882 shares.
https://www.marketbeat.com/instant-alerts/insider-selling-l3harris-technologies-nyselhx-vp-sells-2378-shares-of-stock-2026-03-02/
• Insider sale: Jon Rambeau sold 5,528 shares of L3Harris at an average price of $370.32 for about $2.05 million, reducing his direct holding by 41.92% to 7,660 shares, per an SEC filing.
https://www.marketbeat.com/instant-alerts/jon-rambeau-sells-5528-shares-of-l3harris-technologies-nyselhx-stock-2026-03-02/
L3Harris Appoints Ken Sharp Senior Vice President and Chief Financial Officer, Ken Bedingfield President of Missile Solutions
Business Wire
Mon, March 2, 2026 at 9:00 AM EST
https://finance.yahoo.com/news/l3harris-appoints-ken-sharp-senior-140000529.html
What is coordinated insider selling based on non-publicly available information called?
Insider trading.
@ck Yes. The signs are all there. It's why my retirement portfolio contains NO LHX stock. It's high now but a collapse is coming.
@ad LHX Next was a creation of HW and Alix.
AlixPartners is a financial advisory and global consulting firm. Jay Alix founded what became AlixPartners LLP in 1981. The firm has advised on some of the largest Chapter 11 reorganizations including General Motors Co., Kmart, and Enron Corp.
https://en.wikipedia.org/wiki/AlixPartners
Is CK a CPA?
Enron's complex financial statements were confusing to shareholders and analysts. When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
https://en.wikipedia.org/wiki/Enron_scandal
Is CK ethical?
https://www.reuters.com/article/business/incoming-lockheed-ceo-fired-after-admitting-to-affair-idUSBRE8A81JB/
Were the Tactical Data Links (TDL) and Aeroject Rocketdyne acquisitions successful and allowed L3H to become "The 6th Prime?"
Who was recently "promoted" from SMS to Corporate accounting?
Is this person ethical?
Why is there a significant push towards GAAP reporting standards?
Does non-GAAP reporting paint a rosy financial picture for the benefit of leadership?
Do frequent corporate reorganizations at the segment level make it more difficult for investors to evaluate business performance?
Is L3H the Enron of the defense industry?
@a4 Please make sure you complete your annual insider training compliance course on time.
Examples of insider trading cases that have been brought by the SEC are cases against:
Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments;
https://www.investor.gov/introduction-investing/investing-basics/glossary/insider-trading
A U.S. corporate executive who allegedly traded on inside information about his company’s deteriorating financial results — as his own job came under threat — has pleaded guilty to securities fraud.
https://www.investmentexecutive.com/news/from-the-regulators/as-layoff-loomed-exec-turned-to-insider-trading/
"Presence Drives Performance" sounds like it came from the same bullsh*t consultant that L3H paid "The Trusted Disruptor" for.
The stock is finally almost at an all-time high…..