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Christopher E. Kubasik

Chair and Chief Executive Officer (CEO) at L3HARRIS TECHNOLOGIES, INC. /DE/
Board
Since June 29, 2022
Age
63 years
Tenure
Joined LHX on 06-29-2019 as Vice Chair, President, and COO, later advancing to Vice Chair and CEO in 2021 and to Chair and CEO in 2022.

Also at L3HARRIS TECHNOLOGIES, INC. /DE/

CTF
Christoph T. Feddersen
Vice President, General Counsel & Secretary
EJZ
Edward J. Zoiss
President, Space & Airborne Systems (SAS)
JPC
John P. Cantillon
Vice President and Principal Accounting Officer

About

Christopher E. Kubasik is a seasoned executive with extensive experience in the aerospace and defense industries, having built his career over 17 years at Ernst & Young and 13 years at Lockheed Martin. His early professional journey laid a solid foundation in financial and operational leadership, shaping a career marked by strategic growth and complex problem-solving.

Throughout his career, significant roles have been undertaken, which include leadership positions at L3 Technologies prior to its merger, and later at L3Harris Technologies. His career progression reflects an in-depth understanding of industry dynamics, evidenced by his successive promotions from Vice Chair, President, and COO to ultimately Chair and CEO.

His leadership is characterized by a focus on innovative strategies and operational excellence, enabling robust relationships with key customers and government entities. This blend of experience and vision defines his contributions to the growth and transformation efforts at LHX while also extending his influence through board roles and significant industry engagements.

$LHX Performance Under Christopher E. Kubasik

Past Roles

OrganizationRoleDate RangeDetails
L3Harris Technologies (LHX)Vice Chair and Chief Executive Officer June 29, 2021 – June 29, 2022 Position held prior to current role
L3Harris Technologies (LHX)Vice Chair, President, and Chief Operating Officer June 29, 2019 – June 29, 2021 Served as COO prior to further promotions
L3 Technologies, Inc.Chairman, Chief Executive Officer, and President 2018 – June 28, 2019 Role before the merger with Harris Corporation
L3 Technologies, Inc.President and Chief Operating Officer 2015 – 2017 Held during the pre-merger era
Lockheed Martin CorporationSenior Executive Positions (including Vice Chair, President, and COO) N/A Held over a 13-year career; the COO role lasted 3 years
Ernst & Young LLPPartner N/A Worked 17 years with the firm; named partner in 1996

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Salary$1,542,308 2023 Annual PaymentFixed annual base salary.
All Other Compensation$1,057,298 2023 Annual PaymentComprises Life Insurance Premiums ($4,856), Company Contributions to RSP ($15,692), Company Credits to ERSP ($234,346), Equity Cash Dividends ($415,327), and Perquisites and Other Benefits ($387,077)

Performance Compensation

Data from  FY 2023

Annual Cash Incentive Payout

MetricValueNotes
Adjusted Free Cash Flow Weight50% Listed under AIP performance metrics
Adjusted EBIT Weight30%
Revenue Weight20%
Threshold Payout$310,000 Minimum performance level
Target Payout$3,100,000 Annual performance target
Maximum Payout$6,200,000 Cap on annual cash incentive
Actual Payout$3,735,500 (120.5% of target) Result based on performance metrics

Performance Share Units (PSUs)

MetricValueNotes
Performance Metrics3-year cumulative EPS; 3-year average ROIC; TSR adjustment Metrics subject to adjustment based on TSR
Threshold Units6,424 Minimum number of units
Target Units32,120 Target number of units
Maximum Units64,240 200% of target
Grant DateFebruary 24, 2023
Grant Date Fair Value$6,739,097
Grant Date Stock Price$210.15 per share Determined on grant date
Vesting ScheduleVest at end of 3-year period (2023–2025) Performance period aligned with multi-year targets

Accelerated Vesting of Unvested PSUs

MetricValueNotes
Accelerated Vesting Value$19,085,488 Triggered by change in control or termination conditions

Stock Options

MetricValueNotes
Number of Options Granted61,577 Total options granted
Grant DateFebruary 24, 2023
Grant Date Fair Value$3,375,035
Exercise Price$210.15 per share Equal to closing market price on grant date
Vesting Schedule1/3 on Feb 24, 2024; 1/3 on Feb 24, 2025; 1/3 on Feb 24, 2026 Subject to continued employment
Expiration DateFebruary 24, 2033 10-year term

Restricted Stock Units (RSUs)

MetricValueNotes
Shares Granted16,060
Grant DateFebruary 24, 2023
Grant Date Fair Value$3,375,009
Grant Date Stock Price$210.15 per share Based on closing market price
Vesting ScheduleTypically over 3 years Specific schedule not fully detailed

Target Value of Annual Cycle Awards (Equity-Based)

MetricValueNotes
Total Target Value$13,500,000 For fiscal 2023
Composition50% PSUs, 25% Stock Options, 25% RSUs Allocated among equity-based awards